26 Feb , 2024 By : Debdeep Gupta
TFCI stock hits all-time high as Board approves allotment of 89 lakh shares to non-promoters at Rs 225 per share
At 1145 hours on February 26, Tourism Finance Corporation of India's scrip was trading 5% higher at Rs 267.55
Tourism Finance Corporation of India Ltd's shares hit their all-time high on Monday as the company's Board approved the allotment of 88.91 lakh shares to non-promoters at Rs 225 per share.
At 1145 hours on February 26, TFCI's scrip was trading 5% higher at Rs 267.55.
"The Board of Directors in its meeting held today, discussed and approved to issue and allot up to 88.9 lakh fully paid up equity shares of face value of Rs 10 each at an issue price of Rs 225 including a premium of Rs 215 each aggregating upto Rs 200.04 crore by way of preferential issue on a private placement basis," said TFCI in a stock exchange filing.
TFCI said the allottees are Aditya Kumar Halwasiya (Individual), Cupid Limited (Body Corporate), and Columbia Petro ChemPrivate Limited (Body Corporate) who will be allotted 22.23 lakh shares, 22.23 lakh shares and 44.45 lakh shares, respectively.
The Extra-Ordinary General Meeting (EGM) of the Members of Tourism Finance Corporation of India Ltd. will be held on Friday, the 22" day of March 2024 at 11.00 am, through Video Conferencing (VC)/other Audio Visual Means (OAVM) facility," added TFCI in a regulatory filing.
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