Tourism Finance to issue 32580900 shares

Tourism Finance Corporation of India Ltd has announced that the Board of Directors of the Company at its meeting held on December 19, 2007, inter alia, has considered & approved the issue of 3,25,80,900 equity shares of Rs 10/- each for cash subject to shareholders and necessary approvals by way of Preferential / Qualified Institutional Placement Basis at a price not less than the floor price to be decided in accordance with relevant SEBI Guidelines.

Source : Equity Bulls

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