EFC Announces Strategic Acquisition of Majority Stake in Bigbox Ventures Private Limited

 

Pune, Maharashtra / 4 Jully 2024

 

EFC Limited, a renowned real estate entity, announced the successful acquisition of a 51% stake in a prominent co-working space aggregator, Bigbox Ventures Private Limited. This strategic initiative empowers our presence in the co-working business sector and supports its vision for growth.

The board of directors of EFC Limited announced the acquisition on 4th Jully, 2024, endeavoring for Bigbox Ventures Private Limited to become a subsidiary of EFC Limited. EFC Limited procured 10,409 equity shares at a price of ₹4,900 per share, totaling ₹5,10,04,100 (approx. USD 637,500) in Bigbox Ventures.

The acquisition grants EFC Limited a 51% ownership stake in Bigbox Ventures Private Limited as finalized on 27 June 2024. Bigbox, a subsidiary of EFC, brings its well-established network of co-working space with the convergence of dedicated experts under one roof. The collaboration of expertise will create a powerhouse in the industry, facilitating our ability to offer an array of solutions to our valued clients.

With this acquisition, EFC Limited will be more qualified to benefit from the growing co-working industry. A strong synergy is produced by the co-working space network that Bigbox Ventures Private Limited has built and the real estate management experience of EFC Limited.

The goodwill of Bigbox Ventures for providing creative and superior co-working spaces is a great addition to EFC’s enormous real estate management background.

The Bigbox Ventures crew is an excellent addition to the EFC team. Our dedication lies in offering creative and adaptable work environments that enable companies of all kinds to prosper. We’re excited to partner with Bigbox to expand their network and investigate fascinating new prospects.

 

About EFC Limited

EFC Limited was incorporated in 2008 as a private limited company. EFC owns platforms for commercial real estate and holds stakes in key Indian markets. EFC has grown into one of the country’s leading real estate management firms. Through a strong corporate culture, we promote a progressive growth and retain the best resources with strong team values.

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