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Earlier in May, the long-term infrastructure lender had announced that it would be selling its entire 26.09 per cent stake in TFCI.
Among the Indian promoter shareholders in TFCI, IFCI held 26.09 per cent as on June 30. Life Insurance Corp (LIC) 6.71 per cent, Bank of India 4.05 per cent, United India Insurance Co Ltd 1.15 per cent and The Oriental Insurance Co 1.07 per cent.
It provides a dedicated line of credit on long-term basis to tourism-related projects in the country.