On Monday, 7th July, shares of Tourism Finance Corporation of India Ltd rose 4.07% to ₹273.37 on the NSE, gaining ₹10.70 from the previous close of ₹262.67. The stock was in focus after the company announced a board meeting scheduled for Thursday, 10th July, to consider a proposal for a stock split.
In a regulatory filing on Friday, the company informed exchanges that the board of directors will meet to decide on the sub-division of equity shares of face value ₹10 each. The specific ratio or manner of the stock split will be finalized and announced at the meeting.
The filing also mentioned that the trading window for designated and connected persons remains closed from 1st July and will reopen 48 hours after the declaration of financial results, in line with the company’s insider trading policy.
TFCI is a specialized financial institution supporting tourism and related sectors in India through project financing and advisory services. The proposed stock split aims to enhance liquidity and broaden investor participation.
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