Synopsis:
The Board of Tourism Finance Corporation of India approved a stock split, dividing each equity share with a face value of Rs. 10 each into 5 shares with a face value of Rs. 2 each.
During Friday’s trading session, shares of a company providing financial assistance to the tourism sector, comprising hotels, resorts, restaurants, amusement parks, multiplexes, etc., surged nearly 3 percent to a record high on BSE, after its Board approved a 1:5 stock split.
With a market cap of Rs. 2,649 crores, at 10:23 a.m., the shares of Tourism Finance Corporation of India Limited were trading in the green at Rs. 286.1 on BSE, up by around 0.2 percent, as against its previous closing price of Rs. 285.5. The stock has delivered positive returns of around 41 percent in one year, and has gained by over 26 percent in the last one month.
What’s the News
According to recent regulatory filings with the stock exchanges, the Board of Directors of Tourism Finance Corporation of India Limited approved a stock split during its meeting held on Thursday, 10th July 2025.
During this meeting, the Board has approved a proposal to alter the company’s share capital by the sub-division/split of its existing equity shares. Under this proposal, the one existing fully paid-up equity share held with a face value of Rs. 10 will be split into 5 equity shares, with a face value of Rs. 2 each.
Additionally, it is mentioned that the Record Date for the purpose of the stock split of equity shares shall be decided after taking the aforesaid approval of the members of the company. The finalised Record Date will be communicated in due course.
Financials & more
Tourism Finance Corp reported a significant growth in its revenue from operations, showing a year-on-year rise of around 17 percent from Rs. 58 crores in Q4 FY24 to Rs. 68 crores in Q4 FY25. Similarly, its net profit increased during the same period from Rs. 20 crores to Rs. 30 crores, representing a growth of about 50 percent YoY.
Tourism Finance Corporation of India Limited has been set up as an All-India Financial Institution for providing financial assistance via rupee term loan, corporate loan and subscription to debentures/equity mainly to tourism sector comprising hotels, resorts, spas, restaurants, amusement parks, multiplexes, etc. and also to other sectors including social infrastructure, manufacturing, other services & financial sectors, real-estate, etc., within the scope of its activities.
Written by Shivani Singh
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