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IFCI sells 24% stake in TFCI

29 Sep 2017 Evaluate

IFCI has sold 1,93,72,020 number of equity shares representing 24% of the stake in Tourism Finance Corporation of India (TFCI) at an average price of Rs 150.03 on September 29, 2017.

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. 346.80
REC 312.05
NHIT 168.00
Satin Creditcare Net 229.80
IFCI 69.44
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