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IFCI sold 24% stake in TFCI for Rs.290 cr

IFCI, term lending financial institution,sold 24% of its stake in Tourism Finance Corporation Of  India (TFCI) for Rs.290 crore.

The company in total had 26% stake in TFCI which was on block since May 2017. Sale of its shares will be helping IFCI to increase its earning in the coming quarter.

Further,IFCI has not disclosed the name of the buyer yet.

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