52-week high alert & FIIs bought 5,48,274 shares: Board announce 1:5 stock split of equity shares

Tourism Finance Corporation of India Ltd. is undertaking a 1:5 stock split, converting each Rs 10 face value share into five Rs 2 face value shares. This move aims to boost share liquidity, make them more affordable for retail investors, and broaden the shareholder base, subject to shareholder and regulatory approvals. The overall share capital will remain unchanged, with the split expected to be completed within two months of approvals.

Tourism Finance Corporation of India Ltd (TFCI) is a specialised financial institution dedicated to supporting the growth of India's tourism sector. It offers financial assistance primarily through long-term loans and also by investing in debentures, equity and preference shares of companies involved in tourism-related projects. TFCI's portfolio includes a wide range of ventures such as hotels, resorts, restaurants, food courts, amusement parks, ropeways and multiplexes. The company has established strong associations with leading domestic and international hotel brands, including ITC, Leela, Taj, Lalit, Lemon Tree, Hyatt, Marriott, Hilton, Radisson, Holiday Inn and Ramada, highlighting its significant role in the industry.

On Friday, shares of Tourism Finance Corporation of India Ltd gained 2.63 per cent and made a new 52-week high of Rs 293 per share from its previous closing of Rs 285.50 per share. The company has a market cap of over Rs 2,650 crore and FIIs bought 5,48,274 shares and increased their stake to 3.44 per cent in March 2025 compared to December 2025. The stock has given multibagger returns of 140 per cent from its 52-week low of Rs 122.15 per share.

Disclaimer: The article is for informational purposes only and not investment advice.