Kotak Mahindra Investments (KMIL) has acquired control of 80716748 equity shares of Tourism Finance Corporation of India, constituting 6.91% of the issued equity share capital of the company. KMIL has control by way of pledge/encumbrance of shares given by customers as margin for extending loan facility.
Tourism Finance Corporation of India (TFCI) is engaged in the business of providing financial assistance to tourism-related activities/projects.