EFC (I) completes monetisation of real estate asset held under SPV

EFC (I) has completed the monetisation of its underlying real estate asset held through Sanvritti Alpha (Sanvritti or SPV), a wholly owned subsidiary of the Company, through the sale and transfer of its entire 100% equity shareholding in Sanvritti pursuant to the Share Acquisition Agreement.

The underlying real estate comprises of two floors in the Konark Alpha Building situated at the prime location of Pune city, which was acquired by EFC under a SPV (formerly known as EFC Estate 56 Alpha Pvt Ltd) in the year 2025, later designed & built into an A Grade Asset and finally leasing out entirely to premium customers and hence turning the same into an income generating Asset. EFC has sold the said Assets through SPV for a total value of Rs 39 crore leading to unlocking the maximised value from the said underlying Assets. It is pertinent to note that EFC continues to operate the said Assets as the Managed / Coworking Office Spaces since the Transaction was structured as ?Assets Sale and Lease Back? basis. EFC will continue operating its Asset monetising strategy for not only generating wealth but also earning stable rental income.

Consequent to the completion of the transaction and transfer of the shares, Sanvritti has ceased to be a subsidiary of the Company.