Synopsis
Tourism Finance Corporation of India will schedule a Board meeting on 10th July to consider the proposal of stock split, pending shareholder approval and necessary regulatory or statutory clearances under applicable laws.
During Monday’s trading session, shares of a company providing financial assistance to the tourism sector comprising hotels, resorts, restaurants, amusement parks, multiplexes, etc., surged nearly 8 percent to a record high on BSE, after the company’s Board meeting is scheduled to consider a stock split.
With a market cap of Rs. 2,600.5 crores, the shares of Tourism Finance Corporation of India Limited hit a new 52-week high at Rs. 283.9 on BSE, up by around 8 percent, as against its previous closing price of Rs. 262.55. The stock has delivered positive returns of around 32 percent in one year, and has gained by over 20 percent in the last one month.
What’s the News
According to recent regulatory filings with the stock exchanges, Tourism Finance Corporation of India Limited has scheduled a Board meeting on Thursday, 10th July 2025.
During this meeting, the Board will consider the proposal for alteration in the share capital of the company via sub-division/split of the existing equity shares with a face value Rs. 10 each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company and any regulatory/statutory approvals.
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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