Tourism Finance Corp witnessed a significant bulk deal transaction on the National Stock Exchange, with investor Ekta Halwasiya acquiring 4.5 million shares in the company. The transaction has been confirmed through official exchange data, highlighting substantial investor activity in the stock.

Transaction Overview

The bulk deal was executed through the National Stock Exchange's dedicated bulk deal window, which facilitates high-volume share transactions. Exchange data confirms that Ekta Halwasiya successfully acquired the substantial shareholding through this mechanism.

Market Significance

Bulk deals represent significant market transactions that often indicate strong investor confidence or strategic positioning. The acquisition of 4.5 million shares by Ekta Halwasiya represents a substantial investment in Tourism Finance Corp, potentially impacting the company's shareholding pattern.

Such large-volume transactions through the bulk deal mechanism typically attract market attention and can influence trading sentiment. The confirmation through official exchange data adds credibility to the transaction details and provides transparency for market participants.

Tourism Finance Corporation of India (TFCI) is set to implement a significant corporate action that will impact its share structure. The company's shares will trade ex-split on Friday, following a decision to split its stock in a 1:5 ratio. This move is expected to enhance liquidity and make the stock more accessible to retail investors.

Stock Split Details

• Split Ratio: 1:5
• Current Face Value: Rs 10 per share
• New Face Value: Rs 2 per share
• Record Date: September 19
• Ex-Split Date: Friday (upcoming)

Impact on Share Structure

The stock split will have several implications for TFCI's share structure:

It's important to note that while the number of shares will increase, the paid-up capital remains unchanged at Rs 92.59 crore. This ensures that there is no dilution of shareholder value despite the increase in the number of shares.

Investor Considerations

Investors who wish to be eligible for the split shares must hold the stock by the record date of September 19. After the split, shareholders will receive five shares for each share they currently hold.

About Tourism Finance Corporation of India

Tourism Finance Corporation of India is a Non-Banking Financial Company (NBFC) that specializes in funding projects within the tourism and hospitality sector. The company's focus areas include:

• Hotels
• Resorts
• Entertainment facilities
• Travel infrastructure

By implementing this stock split, TFCI aims to improve the liquidity of its shares and make them more affordable for retail investors. This corporate action could potentially broaden the company's investor base and increase trading activity in its stock.

As the tourism and hospitality sectors continue to evolve, TFCI's role in financing key projects positions it as an important player in the industry's growth and development.