India's Tourism Finance rises after high networth investor buys 13% stake

Tourism Finance of India

21/02/2024 07:37

** Shares of Tourism Finance Corporation of India  TFCI.NS 
rise as much as 5% to 231.20 rupees
    ** High networth investor (HNI) Aditya Kumar Halwasiya buys
13% stake worth 11.80 mln shares in the company, via bulk deals
    ** As of Dec. 31, 2023, Halwasiya publicly held three stocks
with a net worth of 9.95 bln rupees ($120.02 mln)
    ** Varanium Capital Advisors, Varanium India Opportunity and
large shareholders Pransatree Holdings and Koppara Sajeeve
Thomas among sellers in the bulk deal
    ** Since reporting a 50% rise in quarterly profit on Feb.
14, TFCI shares have jumped 28%
    ** Stock up 82% in 2024 so far, including day's gains - LSEG
data

($1 = 82.9025 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))