IFCI to partially offload stake in Tourism Finance Corp
Shares of the company today closed at Rs 47.70 per scrip, down 1.04% from the previous close on the BSE
 "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.