Published on 10/07/2025 01:03 PM
Multibagger tourism stock Toursim Finance Corporation is slated to meet to consider stock split. The company in its filing lately said, "Board of Directors of Tourism Finance Corporation of India Ltd. will be held on Thursday, July 10, 2025 inter-alia to consider the proposal for alteration in the share capital of the Company by way of sub-division! split of the existing Equity Shares of the 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, as may be required under applicable law."
The stock price as of writing the copy traded with gains of 1,57 per cent at Rs 285 per share on the BSE, while on the NSE it traded at Rs 285.72 per share on the NSE.
This will be the company's maiden stock split aimed at improving liquidity in the stock.
The company has declared 21 dividends since Aug. 29, 2003. In the past 12 months, Tourism Finance Corporation of India Ltd. has declared an equity dividend amounting to ₹2.50 per share.
At the current share price of Rs 285.5900, Tourism Finance Corporation of India Ltd.'s dividend yield is 0.88 per cent.
The stock on a year-to-date basis has gained 72 per cent, while its year-to-date return is at 420 per cent.
Tourism Finance Corporation of India Limited is a financial services company which provides financial assistance to enterprises for setting up and/or development of tourism-related projects.
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