*Tourism Finance Corporation of India* plans to raise funds through equity to finance large infrastructure projects.
Although the mode of fund raising has not been decided, the company is open to PE as well as increasing promoter shareholding. However, the company has ruled out the possibilty of launching an FPO. Transaction Note Tourism Finance Corporation of India, an associate and subsidiary of *IFCI*, provides financial assistance to tourism-related activities/projects. SBI, Bank of India, LIC, United India Insurance and The Oriental Insurance Co. Ltd are the other promoters of TFCI. IFCI holds 31% stake in the company TFCI has paid-up capital of Rs 80 cr and its earnings per share is around Rs 3.6. The company's loan book stands at Rs 1,000 cr. The company has plans to foray into infrastructure financing. TFCI is targeting a portfolio of around Rs 5,000 cr in 5 years. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
