Tourism Finance Corp experienced a significant bulk deal transaction on the National Stock Exchange, with investor Ekta Halwasiya acquiring a substantial stake in the company.

Transaction Details

The bulk deal involved the purchase of 4.5 million shares of Tourism Finance Corp by Ekta Halwasiya. The transaction was executed through the National Stock Exchange's bulk deal window, which facilitates large-volume trades.

Market Impact

Bulk deals typically indicate significant investor interest and can influence market sentiment toward the stock. Such transactions often reflect confidence in the company's prospects or strategic positioning by institutional or high-net-worth investors.

The acquisition of 4.5 million shares represents a substantial transaction volume that could impact the company's shareholding structure and trading dynamics in the near term.

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.