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Business News/ Companies / IFCI to partially offload stake in Tourism Finance Corp
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IFCI to partially offload stake in Tourism Finance Corp

IFCI holds 42.5% stake in Tourism Finance Corp

Shares of Tourism Finance Corp. on Monday closed at `47.70 per scrip, down 1.04% from the previous close on BSE. Photo: ReutersPremium
Shares of Tourism Finance Corp. on Monday closed at `47.70 per scrip, down 1.04% from the previous close on BSE. Photo: Reuters

New Delhi: IFCI will partially disinvest its shareholding in Tourism Finance Corporation of India in the current financial year.

“IFCI will partially disinvest its shareholding in Tourism Finance Corporation of India Limited in financial year 2014-15," it said in a filing to the BSE.

IFCI, which is a promoter group entity in Tourism Finance Corp, holds 42.5% stake in the latter. Other promoters in the company include SBI, LIC, Bank of India, United India Insurance and Oriental Insurance Corp. The promoters together hold 66.86% stake in Tourism Finance.

Shares of Tourism Finance on Monday closed at 47.70 per scrip, down 1.04% from the previous close on the BSE.

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Published: 22 Sep 2014, 11:24 PM IST
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