Travel services firm Thomas Cook (India) is reportedly planning to buy IFCI’s 26.09% stake in Tourism Finance Corporation of India (TFCI). At the current market price, the stake sale will fetch IFCI around Rs 250 crore. In May 2017, the IFCI board approved a proposal to sell its entire stake in TFCI.
TFCI provides financial assistance to enterprises for setting up and developing tourism-related projects, facilities and services.
Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
