Mumbai, Feb. 25 -- The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on 24 February 2025.

The primary objective of this incorporation is to establish a strategic association for commercial real estate projects, including IT park developments, which align with the business of serviced offices provided by the company and its other subsidiaries.

The cost of acquisition for the new subsidiary is Rs 1,00,000, representing 10,000 equity shares of Rs 10 each. The initial subscription in EFC Estate 710 Alpha shares will be made in cash.

EFC Estate 710 Alpha is a related party of EFC (I), being a wholly-owned subsidiary, with EFC (I) holding 100% of the equity shares.

None of the promoters, promoter g...