Tourism Finance Corporation of India has raised Rs 40 crore through Senior, Secured, rated, listed, transferable principal protected market linked redeemable non-convertible debentures (NCDs) and allotted 400 - 9.95% MLD Series XLVIII 2024, NCDs having face value of Rs 10 lakh each, for cash, at par on Private Placement basis. The board of directors at its meeting held on December 01, 2021 has approved the same.
Tourism Finance Corporation of India (TFCI) is engaged in the business of providing financial assistance to tourism-related activities/projects.