IFCI announced that the company will partially disinvest its shareholding in Tourism Finance Corporation of India (TFCI) in financial year 2014-15. IFCI holds over 42% stake in TFCI.

Earlier on Jul. 01, 2014, the company has acquired 49% equity shareholding in Rajasthan Consultancy Organization (Rajcon), an unlisted company, from one of its Associate Companies viz. Hardicon.

IFCI is engaged in providing credit to all segments of the Indian industry. IFCI was incorporated on Jul. 01, 1948 and got its current name in October 1999.

Shares of the company gained Rs 0.65, or 1.89%, to trade at Rs 35. The total volume of shares traded was 540,959 at the BSE (10.57 a.m., Tuesday).