Jhunjhunwala-Linked Fund Takes Stake in TFCI as Tourism Finance Bets Gain Traction
A fund associated with the late investor Rakesh Jhunjhunwala has acquired a stake in Tourism Finance Corporation of India, drawing fresh market attention to the niche lender. In an interview with CNBC-TV18, TFCI Managing Director Satpal Arora said business conditions remain supportive and the company sees a constructive outlook ahead, even as investors assess the implications of the new shareholding pattern.
