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

Tourism Finance Corporation of India Ltd informed that the Board will hold a meeting on Thursday, July 10, 2025, inter alia to consider the proposal for alteration in the share capital of the company by way of sub-division or stock split of the existing equity shares of the face value Rs 10 each, fully paid-up, in such manner as may be determined by the Board of Directors, subject to approval of the shareholders of the Company and any regulatory! statutory approvals, as may be required under applicable law.

Tourism Finance Corporation of India Ltd (TFCI) is a specialized 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 jumped 9.15 per cent and made a new 52-week high of Rs 264.20 per share from its previous closing of Rs 242.05 per share. The shares of the company saw a spurt in volume by more than 3.45 times on the BSE. The company has a market cap of over Rs 2,400 crore and FIIs bought 5,48,274 shares and increased their stake to 3.44 per cent in March 2025 compared to December 2025.

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