TFCI: Disinvestment Update

Finally IFCI has sold its 24% stake @ 150.10. The way deal is done, raises lot of questions and lacks transparency
Red Kite has picked 13% stake. As per our investigation, Red Kite has picked this stake on behalf of an FII and in coming time, Red Kite 13% to be transferred to FII. Centrum has also taken small exposure

Open offer may be 2-3 months away. Stock price has come down as traders have exited

However once new team/investors take control of TFCI, co will grow rapidly and stock price can double in 15 months