 "IFCI to partially offload stake in Tourism Finance Corp")
"IFCI will partially disinvest its shareholding in Tourism Finance Corporation of India Limited in financial year 2014-15," it said in a filing to the BSE.
IFCI, which is a promoter group entity in Tourism Finance Corp, holds 42.5% stake in the latter.
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Other promoters in the company include SBI, LIC, Bank of India, United India Insurance and Oriental Insurance Corp.
The promoters together hold 66.86% in Tourism Finance.
Shares of the company today closed at Rs 47.70 per scrip, down 1.04% from the previous close on the BSE.