The board of directors of EFC (I) approved the preferential issue and allotment of 97,07,383 of equity shares of face value of Rs. 2 each through preferential basis to non-promoters, which will be subscribed by 123 investors.
EFC (I) hopes to achieve total revenue of about Rs. 400 crore for FY24 and about Rs 1,000 crore for FY25. It reported consolidated revenue of Rs. 155 crore for H1 of FY24, which was about 1.5 times of full year of revenue for FY23.