Tourism Finance Corporation of India Ltd allots 96,55,700 shares

The Board of Directors of Tourism Finance Corporation of India Ltd at its meeting held on October 11, 2021 has approved allotment of 96,55,700 fully paid up equity shares of Rs.10 each at price of Rs.67.50 per share (inclusive of premium of Rs.57.50 per share) to allottees on a preferential basis in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The above allotment is made in pursuance to the special resolution passed by the shareholders in the Annual General Meeting of the Company held on September 29, 2021 approving preferential issue and in-principle approvals received from BSE Ltd. and National Stock Exchange of India Ltd.

Consequent to the above allotment, the issued, subscribed and paid-up share capital of the Company stands increased to Rs. 90,37,24,480/- comprising of 9,03,72,448 equity shares of face value of Rs.10/- each.

Shares of Tourism Finance Corporation of India Limited was last trading in BSE at Rs. 74.10 as compared to the previous close of Rs. 71.90. The total number of shares traded during the day was 195111 in over 3373 trades.

The stock hit an intraday high of Rs. 77.85 and intraday low of 72.00. The net turnover during the day was Rs. 14680805.00.

Shares of Tourism Finance Corporation of India Limited was last trading in NSE at Rs. 73.95 as compared to the previous close of Rs. 71.85. The total number of shares traded during the day was 1405670 in over 13846 trades.

The stock hit an intraday high of Rs. 78.00 and intraday low of 72.05. The total traded value during the day was Rs. 105805192.40.

Source : Equity Bulls

Keywords

TourismFinanceCorporationofIndia INE305A01015 TFCI FinancialInstitutions PreferentialIssue FundRaising