The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aditya Kumar Halwasiya
TFCILTD · price
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Aditya Kumar Halwasiya, a non-promoter acquirer, has disclosed the purchase of 25,32,348 equity shares (2.73%) of Tourism Finance Corporation of India Ltd (TFCI) through open market / inter-se transfer, up to August 7, 2025. This raises his total holding from 1,50,25,094 shares (16.23%) to 1,75,57,442 shares (18.96%) of TFCI. The total equity share capital of TFCI remains unchanged at 9,25,95,448 shares of INR 10 each. The disclosure was signed from Dubai, suggesting a foreign acquirer, though he is not classified as part of the promoter/promoter group.
This is a creeping acquisition that brings the acquirer's stake close to the 20% threshold, beyond which a mandatory open offer to all shareholders would be triggered under SEBI takeover rules. Existing shareholders should watch for any further purchases that cross the 20% mark, as that would trigger a compulsory open offer at a premium price.