New all time high for TFCI

Tourism Finance Corporation of India (TFCI) shares reached a new all-time high on February 26 following the company's board approval to allot 88.91 lakh shares to non-promoters at Rs 225 per share.

As of 11:45 am, TFCI shares were trading at Rs 267.55 on the National Stock Exchange (NSE), marking a 5 percent increase from the previous session’s closing price.

In a stock exchange filing, TFCI stated, “The Board of Directors in its meeting held today, discussed and approved to issue and allot up to 88.9 lakh fully paid up equity shares of face value of Rs 10 each at an issue price of Rs 225 including a premium of Rs 215 each aggregating up to Rs 200.04 crore by way of preferential issue on a private placement basis.”