Tourism Finance Corporation of India Share Price

Tourism Finance Corporation of India Limited (TFCI) was incorporated on January 27, 1989 as a public limited company. The company became operational with effect from February 1, 1989 on receipt of certificate of the commencement of business from the Registrar of Companies. The company was promoted by IFCI Ltd along with other AllIndia Financial/ Investment Institutions and Nationalised Banks. TFCI has been setup as an AllIndia Financial Institution, pursuant to the recommendations of National Committee on Tourism setup under the aegis of Planning Commission in 1988. TFCI provides financial assistance by way of rupee term loan, corporate loan and subscription to debentures/equity mainly to tourism sector comprising hotels, motels, resorts, spas, restaurants, food courts,amusement parks, family entertainment centers, multiplexes, etc. and in a limited way to other sectors such as social infrastructure (educational institutes, hospitals, affordable housing development, etc.), manufacturing, other services sector, realestate etc.,The forms of financial assistance include rupee loan, underwriting of public issues of shares/debentures and direct subscription to such securities, guarantee of deferred payments and credit raised abroad, equipment finance, equipment leasing, assistance under suppliers credit, workingcapital financing, takeover financing and advances against creditcard receivables.The company also provides highquality research and Consultancy services to the tourism industry in general and to the investors in tourism industry in particular. In line with this, TFCI has been providing Consultancy services to different central and state agencies by undertaking broadbased assignments to cover macro micro level tourismrelated studies/ exercises to facilitate identification, conceptualization, promotion/ implementation of specific tourismrelated projects for taking policy level decisions with respect to investment and infrastructure augmentation etc. Besides, TFCI has been providing specific projectrelated services to various clients. It has also undertaken appraisal of individual projects for various state government agencies/individual clients.The company pioneered and innovated various products in financing the diverse needs of the industry such as the first AmusementcumWater Park at Mumbai, the first Water Sports Complex at Goa, the Palace on Wheels, the highly acclaimed spa The Ananda at Himalayas, the restoration of heritage resorts namely the Devigarh Palace at Udaipur, conversion of Umaid Bhawan Palace into a resort hotel etc.In the year 1994, the company made a public issue of 1,70,00,000 Nos of equity shares of Rs 10 each at a premium of Rs 20 per share.In the year 1999, the company had gone towards the setting up of nonconventional tourism projects like restaurants, highway facilities, travel agencies, amusement parks, dolphinarium, ropeways, car rental services, ferries for inland water transport, airport facilitation centre, training institute for hotel personnel etc. In the year 2000, Tourism Advisory Financial Services Corporation of India Ltd was amalgamated with the company.During the year 200809, the company took possession of 3 hotels located at Mukundgarh, Bikaner Jaisalmer under the SRFAESI Act. In 200910, it ventured into infrastructure project financing business viz., power, ports, airports, roads and bridges etc.,The company in 202122, pursued to expand its portfolio not only by extending facilities to existing hotel properties for renovation, upgradation and setting up of new projects, but also has actively pursued consultancy assignments for various state governments in drafting the tourism policy and other projects for tourism/ circuit development etc.During 202324, Company has pursued lending opportunities for new/existing projects across hospitality and other sectors viz. manufacturing, social/urban Infra, realestate NBFC/HFC.

As of , Tourism Finance Corporation of India share price is ₹287.9. The stock opened at ₹290 and had closed at ₹289.5 the previous day. During today’s trading session, Tourism Finance Corporation of India share price moved between ₹286.00 and ₹291.70, with an average price for the day of ₹288.85. Over the last 52 weeks, the stock has recorded a low of ₹122.32 and a high of ₹294.25. In terms of performance, Tourism Finance Corporation of India share price has increased by 90.5% over the past six months and has increased by 56.85% over the last year.