Tourism Finance to consider allotment of shares at Rs 48

Tourism Finance Corporation of India Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 25, 2008, inter alia, to consider the allotment of upto 1,32,97,648 equity shares of Rs 10 each to the existing Promoter shareholders of the Company on preferential allotment basis at a price of Rs 48/- per equity share (including a premium of Rs 38/- per share).

Source : Equity Bulls

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