EFC (I) Enters Retail Leasing, Launches 'EFC Retail Spaces' Division; Shares Fall 7%

MT Newswires Live

Nov 06

EFC (I) Ltd (BOM:512008, NSE:EFCIL) has entered into the retail leasing segment with a new division, EFC Retail Spaces, focused on premium showroom and shop developments across major Indian cities, according to a Thursday release filed with the Indian bourses.

Shares of the country fell nearly 7% in after-market hours.

The initiative marks a diversification from its office space portfolio, with the first phase of projects expected to go live by January 2026, the release said.

The company plans to roll out retail properties in metro and tier-1 markets including Mumbai, Pune, Bengaluru, Hyderabad, Delhi NCR, and Kolkata, targeting brands across fashion, lifestyle, electronics and automotive sectors, it added.

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