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KMIL acquires stake of Tourism Finance Corporation of India

18 Feb 2019 Evaluate

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.

Peers
Company Name CMP
Power Finance Corpn. 333.00
REC 307.10
NHIT 168.00
Satin Creditcare Net 231.55
IFCI 67.01
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