NEW DELHI: The board of directors of EFC (I) recently approved incorporation of EFC REIT, a step-down subsidiary, to act as a investment manager to small and medium real estate investment trusts (SM REIT).
EFC REIT will act as an investment advisor, investment manager, financial consultant, management consultants and/or portfolio manager.
The board also approved establishment of EFC Estate, a wholly-owned subsidiary, for potential strategic partnership and investments in commercial real estate projects, IT Park projects.
The board approved the incorporation of EFC Investment Advisors, a wholly-owned subsidiary, to act as the investment manager to an alternate investment fund (AIF).
