Update on TFCI:

Subsequent to our Breaking News, mgtmnt of TFCI and Promoter IFCI confirmed that IFCI will divest it's TFCI stake through eAuction. For this purpose, mandate has been given to decide Fair Value/Reserve price ( which should be in 3 DIGITS) and subsequent auction at still higher price

Despite same, IFCI sold 2.39% stake in open market in March which pulled down TFCI price from 81 to 72

When it's stake Likely to be sold above 100 level after few weeks, selling at low price in Open mkt is destruction​ of public wealth

Recently share price rose to 88 but again came down to 78. Such fall was not anticipated. As per our sources, IFCI again committing sin of selling TFCI shares when eAuction should be few weeks away

Is IFCI mgtmnt conniving with potential bidders enabling them to acquire some shares at low price?

Or some entities buying shared who may be front of top mgtmnt of IFCI?

It is a serious matter, stinking of misuse of office. We shall bring this matter to notice of Finance ministry

In the meantime, it is golden opportunity for Investors to buy more shares at low price as we feel that valuation report should come to IFCI any day

Don't panic. Have convinction. Stay invested