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Tourism Finance Corporation approves allotment of NCDs worth Rs40cr; Stock up 1.5%

The allotment is of 400 - 9.95% MLD Series XLVIII 2024, Senior, Secured, rated, NCDs of the face value of Rs10 lakh each on a Private Placement basis.

December 02, 2021 10:15 IST | India Infoline News Service
Analysis Finance Market
Tourism Finance Corporation of India Limited Resource Committee on Wednesday has approved allotment of 400 - 9.95% MLD Series XLVIII 2024, Senior, Secured, rated, listed, transferable principal-protected market-linked redeemable non-convertible debentures (NCDs) of the face value of Rs10 lakh each, for cash, at par, aggregating to Rs40cr on Private Placement basis.

“Debentures shall be fully redeemed on a pari passu basis by the Company by making the payment of the Outstanding Principal Amounts on the Final Redemption Date i.e. December 1, 2024,” the company said in a filing.

At around 10.19 am, Tourism Finance Corporation of India Ltd was  trading at Rs57.95 per piece up by Rs0.85 or 1.49% from its previous closing of Rs57.10 per piece on the BSE.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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