IFCI witnessed a rise in share prices on Tuesday after it 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.

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 are trading at Rs 35.40, up Rs 1.05, or 3.06% at the Bombay Stock Exchange (BSE) on Tuesday at 11:16 a.m.

The scrip has touched an intra-day high of Rs 35.50 and low of Rs 34.80. The total volume of shares traded at the BSE is 654,979.