Tourism Finance Corporation of India rose 1.72% to Rs 67.85 after Triumph Global India purchased 0.56% stake in the firm via bulk deal on Tuesday, 9 March 2021.As per the bulk deal data on the NSE, Triumph Global India purchased 4,50,000 shares, or 0.56% equity, of Tourism Finance Corporation on Tuesday, 9 March 2021, at an average price of Rs 66.57 each.
Shares of Tourism Finance Corporation surged for second trading session in a row. The counter has added 10.4% in two days.
Tourism Finance Corporation of India a premier tourism financing institution. It is a dominant player in the hospitality segment and is engaged in project financing, corporate loans, working capital demand loan, structured financing, etc.
Magma Fincorp hit an upper circuit of 5% at Rs 136.40 after the company received shareholders approval for acquisition of controlling stake by Rising Sun Holdings through preferential issue.The company plans to raise up to Rs 3,456 crore by issuing preference equity shares to Rising Sun Holdings, a company controlled by Adar Poonawalla and two members of the promoter group.
Shareholders of Magma Fincorp at an extraordinary general meeting of on Tuesday approved the proposed preferential allotment of 49,37,14,286 equity shares of face value Rs 2 each of the company at an issue price of Rs 70 per equity share aggregating up to Rs 3,456 crore, to Rising Sun Holdings and existing promoters, Sanjay Chamria and Mayank Poddar.
Read more about Manappuram Finance board to mull fund raising on 19 March on Business Standard. The board of Manappuram Finance will meet on Friday, 19 March 2021, to consider business plan and borrowing program.
Prakash Industries Ltd, IFCI Ltd, Balmer Lawrie & Company Ltd and JM Financial Ltd are among the other gainers in the BSE s A group today, 09 March 2021.
Prakash Industries Ltd, IFCI Ltd, Balmer Lawrie & Company Ltd and JM Financial Ltd are among the other gainers in the BSE s A group today, 09 March 2021.
JMC Projects (India) Ltd spiked 17.34% to Rs 92.05 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 1.81 lakh shares were traded on the counter so far as against the average daily volumes of 33577 shares in the past one month.
Prakash Industries Ltd soared 10.82% to Rs 68.6. The stock was the second biggest gainer in A group. On the BSE, 8.36 lakh shares were traded on the counter so far as against the average daily volumes of 2.01 lakh shares in the past one month.
Read more about HUDCO receives affirmation in credit ratings from Fitch Ratings on Business Standard. The rating on HUDCO s Rs 5000 crore medium-term note programme has also been affirmed at BBB-.