Tourism Finance Corporation of India Limited (TFCI) has announced strategic investment decisions in two Category II Alternative Investment Funds, expanding its investment portfolio into specialized sectors. The company disclosed these developments through a regulatory filing dated January 4, 2026, in continuation of its earlier communication from November 10, 2025.

Investment in Holystone Hospitality Fund

TFCI has decided to participate as both co-sponsor and anchor investor in the Holystone Hospitality Fund, an equity-focused Category II Alternative Investment Fund. The company's investment commitment extends up to 5% of the fund corpus, positioning TFCI as a key stakeholder in this hospitality-focused investment vehicle.

Investment in Certus Real Estate Fund

In addition to the hospitality fund, TFCI has committed to act as an anchor investor in the Certus Real Estate Fund, another Category II Alternative Investment Fund. The company's participation in this fund allows for investment up to 10% of the total fund size, demonstrating a more substantial commitment to the real estate investment sector.

Regulatory Compliance and Next Steps

Both investment decisions reflect TFCI's strategic approach to diversifying its investment portfolio while maintaining regulatory compliance. The applications for registration of both funds have been filed with the Securities and Exchange Board of India (SEBI), indicating the formal process toward establishing these alternative investment vehicles.

The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities. Company Secretary Sanjay Ahuja signed the regulatory filing, confirming the official nature of these investment commitments.

Strategic Implications

These investments represent TFCI's expansion into alternative investment opportunities across two key sectors - hospitality and real estate. The varying investment percentages in each fund suggest a calibrated approach to risk management and sector exposure, with the real estate fund receiving a higher investment ceiling compared to the hospitality-focused fund.

Tourism Finance Corporation of India Limited has announced strategic investment decisions in two Alternative Investment Funds, as disclosed in a regulatory filing dated January 4, 2026. The company has decided to participate as both co-sponsor and anchor investor in specialized funds targeting hospitality and real estate sectors.

Investment in Holystone Hospitality Fund

TFCI has committed to act as co-sponsor and anchor investor in Holystone Hospitality Fund, an equity-focused Category II Alternative Investment Fund. The company's investment participation details are outlined below:

Investment in Certus Real Estate Fund

Additionally, TFCI has decided to participate as an anchor investor in Certus Real Estate Fund, another Category II Alternative Investment Fund. This investment represents the company's strategic entry into real estate-focused alternative investments.

Regulatory Compliance and Timeline

The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, in continuation of the company's earlier communication dated November 10, 2025. Both Alternative Investment Funds have recently filed their registration applications with the Securities and Exchange Board of India. The announcement was signed by Company Secretary Sanjay Ahuja and communicated to both BSE Limited and National Stock Exchange of India Limited.

These strategic investments position TFCI in the alternative investment space, with focused exposure to hospitality and real estate sectors through professionally managed Category II AIF structures.