Promoter entity of TFCI increases stake to 8.92% through market purchase

India Opportunities III Ptd. Ltd., promoter of Tourism Finance Corporation of India Ltd (TFCI) has purchased 7,46,983 equity shares of the company through market purchase during the period August 14, 2019 to August 22, 2019. The shares were bought for a total consideration of Rs. 5,84,21,557.00.

With this, the promoter group entity has increased its stake to 7203653 equity shares or 8.92% from 6456670 equity shares or 8.00%.

Shares of TOURISM FINANCE CORPORATION OF INDIA LTD. was last trading in BSE at Rs.81 as compared to the previous close of Rs. 77.4. The total number of shares traded during the day was 383807 in over 116 trades.

The stock hit an intraday high of Rs. 81.2 and intraday low of 76.2. The net turnover during the day was Rs. 30673057.

Source : Equity Bulls

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