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Tourism Finance Corporation of India Director Increases Stake

Story Highlights
  • Tourism Finance Corporation of India focuses on financial services for the tourism sector.
  • Director Aditya Kumar Halwasiya increased his stake to 21.16% with a Rs. 45.53 crore share purchase.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tourism Finance Corporation of India Director Increases Stake

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Tourism Finance Corporation of India Limited ( (IN:TFCILTD) ) just unveiled an update.

Tourism Finance Corporation of India Limited has disclosed a significant transaction under the SEBI (Prohibition of Insider Trading) Regulations, 2015, involving its director, Aditya Kumar Halwasiya. Halwasiya increased his shareholding in the company by acquiring 1,200,000 shares, raising his stake from 19.86% to 21.16%. This acquisition, valued at Rs. 45.53 crore, was executed through an open market transaction on the National Stock Exchange. The move indicates a strong vote of confidence in the company’s prospects and could positively impact its market perception and stakeholder confidence.

More about Tourism Finance Corporation of India Limited

Tourism Finance Corporation of India Limited operates in the financial services industry, focusing on providing financial assistance and support to the tourism sector. The company is involved in offering a range of financial products and services aimed at enhancing the growth and development of tourism-related projects and businesses.

Average Trading Volume: 79,240

Technical Sentiment Signal: Buy

Current Market Cap: 31.53B INR

See more insights into TFCILTD stock on TipRanks’ Stock Analysis page.

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