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An update from Tourism Finance Corporation of India Limited ( (IN:TFCILTD) ) is now available.
Tourism Finance Corporation of India Limited has decided to participate as co-sponsor and anchor investor in the Holystone Hospitality Fund, an equity-focused Category II Alternative Investment Fund, committing up to 5% of the fund’s corpus, while the fund’s registration application has been filed with the Securities and Exchange Board of India. The company has also resolved to act as an anchor investor in the Certus Real Estate Fund, another Category II AIF, with a commitment of up to 10% of its total fund size, signaling a strategic push into alternative investments in hospitality and real estate that could deepen TFCI’s sectoral presence and diversify its revenue streams once these funds receive regulatory approval.
More about Tourism Finance Corporation of India Limited
Tourism Finance Corporation of India Limited (TFCI) operates in the financial services industry, with a specialized focus on providing financing and investment solutions to the tourism and hospitality sectors in India. The company typically supports tourism-related infrastructure and hospitality projects, positioning itself as a niche lender and investor within this segment of the broader financial market.
Average Trading Volume: 892,902
Technical Sentiment Signal: Buy
Current Market Cap: 25.53B INR
For a thorough assessment of TFCILTD stock, go to TipRanks’ Stock Analysis page.