EFC (I) Limited announced a private placement to issue 405,942 common shares at an issue price of INR 750 per share for the gross proceeds of INR 304,456,500 on May 27, 2023. The transaction will include participation from Morde Foods Private Limited for 200,000 shares for INR 150,000,000, Aegis Investment Fund, PCC for 100,000 shares for INR 75,000,000, Saurav Raidhani for 30,000 shares for INR 22,500,000, Anuradha Harshal Morde for 13,334 shares for INR 10,000,500, Aditya Sahaya for 6,667 shares for INR 5,000,250, RDHL Marketing Pvt Ltd 6,666 for shares for INR 4,999,500, Pavitra Walvenkar for 5,334 shares for INR 4,000,500, Mahendra R Prajapati HUF for 3,334 shares for INR 2,500,500, Renuka Kesharinandan Sahaya J/w Aditya Sahaya for 3,334 shares for INR 2,500,500, Sameer Vasant Morde for 3,334 shares for INR 2,500,500, Sandeep Nanabhau Doke for 3,334 shares for INR 2,500,500, Sanjay Bhivsen Morde for 3,334 shares for INR 2,500,500, Supriya Tejas Bhoite for 3,334 shares for INR 2,500,500, Harshal Chandrakant, Morde for 2,667 shares for INR 2,000,250, Mangal Sanjay Morde for 2,667 shares for INR 2,000,250, Ankush Ashok Morde for 2,000 shares for INR 1,500,000, Narendra D Dhumal for 2,000 shares for INR 1,500,000, Vikrant Jaikishore Baijal for 1,600 shares for INR 1,200,000, Ajit Kisan Ghule for 1,334 shares for INR 1,000,500, Janardhan Shripati Gawade for 1,334 shares for INR 1,000,500, Kishor Eknath Morde for 1,334 shares for INR 1,000,500, Manoj Ruwali for 1,000 shares for INR 750,000, Neha Agarwal for 934 shares for INR 700,500, Mahesh Ashok Morde for 800 shares for INR 600,000, Anjali Mahesh Chaudhari for 800 shares for INR 600,000, Ghule Dhanesh for Dattatray for 800 shares for INR 600,000, Mangesh S Shete for 800 shares for INR 600,000, Pratibha Bharat Morde for 800 shares for INR 600,000, Sarika Kailash Morde for 800 shares for INR 600,000, Varun Anil Morde for 800 shares for INR 600,000, Vikas Digambar Gaikwad for 800 shares for INR 600,000, ans Erande Sandip Haridas for 667 shares for INR 500,250. The transaction has been approved by the shareholders of the company.