EFC's Landmark Move: SEBI Nod for EMBERSTONE SM REIT

EFC REIT Pvt Ltd, a subsidiary of EFC (I) Ltd, secured SEBI approval to launch an SM REIT public issue under the name EMBERSTONE. This will allow them to initiate an initial offer up to Rs 500 crore, expanding their real estate portfolio and boosting growth and profits significantly.

In a significant corporate development, EFC REIT Pvt Ltd, a branch of EFC (I) Ltd, announced it has obtained registration from the Securities and Exchange Board of India (SEBI) to launch a Small & Medium Real Estate Investment Trust (SM-REIT) public issue.

The EMBERSTONE SM REIT now stands ready to make an initial offer of units worth up to Rs 500 crore. SEBI granted this crucial registration on October 29, 2024, marking a key milestone for EFC's investment management arm.

The initiative is set to enhance the EFC Group's asset management portfolio, positioning it for accelerated growth. The company reported a substantial profit increase, with after-tax profits rising to Rs 36.56 crore in the second quarter of fiscal year 2025.

(With inputs from agencies.)