The company informed the exchanges that Chand does not have any relationship with the existing Directors of the company.
"IFCI has sold 1,93,72,020 equity shares representing 24 per cent of the stake in TFCI at an average price of Rs 150.03 on September 29, 2017," IFCI said in a regulatory filing.
In an interview to CNBC-TV18, Satpal Arora, MD of TFCI spoke about the latest happenings in the company.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Idea Cellular, SBI, Indiabulls Real Estate, Indiabulls Ventures, and TFCI.
The company's gross NPA stands at 10 percent and net NPA at 8 percent, says Satpal Arora, MD, Tourism Finance Corporation of India (TFCI).
Speaking to CNBC-TV18, S K Sangar, Managing Director, TFCI says the company expects to get sanctions worth Rs 125 crore and disbursements over 70 crore in the first quarter.
Elder Pharma | Sadbhav Engineering | Unitech | Oil India | IOC | Tata Power | Jet Airways | Tata Motors | Hero MotoCorp and Ashok Leyland are stocks, which are in the news today.
Industrial Finance Corporation of India (IFCI) has major stake of 42.50 percent in Tourism Finance Corporation of India (TFCI), while State Bank of India, LIC and Bank of India hold 9.19 percent, 7.70 percent and 4.70 percent, respectively.
Bharti Airtel | Edelweiss | Sintex | Globus Spirits | Hindustan Copper | Wipro | NHPC | Marg | Winsome Diamonds | Ramco Systems | Tourism Finance Corporation of India | Tata Steel | Financial Technologies and MCX are stocks, which are in the news today.
Brickwork Ratings (BWR) has assigned "BWR AA-" with stable outlook and reaffirmed the outstanding ratings for the bond issues of Tourism Finance Corporation of India Limited (TFCI).
Brickwork Ratings (BWR) has assigned BWR AA- with Stable outlook and reaffirmed the outstanding ratings for the followings issues of Tourism Finance Corporation of India Limited (TFCI).
Tourism Finance Corp of India (TFCI) touched an intraday high of Rs 31.95 and an intraday low of Rs 29. At 11:23 hrs the share was quoting at Rs 29.75, up Rs 0.30, or 1.02%. IFCI has increased its stake in TFCI to 41.5% from 39.4%, reports CNBC-TV18.
Atul Kumar Rai, CEO & MD of IFCI, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, gave his perspective of the fourth quarter performance and divulged future plans.