TFCI shares surge over 16%

Shares of Tourism Finance Corporation of India Ltd (TFCI) today soared by over 16 per cent after the company said its board has approved a proposal to seek licence from RBI for setting up a bank. 

Reacting to the news, shares of the company opened the day on a firm note and as the trade progressed it further gained 16.17 per cent to Rs 25.85 on the BSE. 

At the NSE, the stock zoomed up by 15.17 per cent to Rs 25.80.

Full report here Economic Times


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