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IFCI gets nod to divest entire stake in TFCI

22 May 2017 Evaluate

IFCI has received an approval for divestment of its entire stake in Tourism Finance Corporation of India (TFCI), comprising 210,59,929 equity shares i.e. 26.09% stake in TFCI, as part of its disinvestments of its non-core assets. The board of directors at its meeting held on May 19, 2017 has approved for the same.

IFCI was established with intent to provide long-term finance needs of the industrial sector. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.



Peers
Company Name CMP
Power Finance Corpn. 347.10
REC 311.60
NHIT 168.00
Satin Creditcare Net 229.65
IFCI 69.41
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