TFCI: Update

IFCI has already finalized winner for TFCI stake sale on 25th. Since no announcement in this regard so far, traders have been selling. Aided by bad mkt, stock has been falling BUT HUGE VOLUMES

As per our info, IFCI should make this announcement anytime soon as first, IFCI is doing legal formalities of signing Agreement with buyer

Now regarding identity of buyer, as per our *reliable insider* Singapore based FII has won the bid for TFCI
With Private Equity Fund as new owner of TFCI, stock will be rerated

We may repeat that TFCI is _only nbfc available at 2xPrice/Book_

TFCI can be 300 in 12 months

Investors can add more