TFCI to Co-Sponsor and Anchor Hospitality and Real Estate Funds
New Delhi, Jan 4 (PTI) Tourism Finance Corporation of India Limited (TFCI) has announced its plans to co-sponsor and act as an anchor investor in two significant funds: the Holystone Hospitality Fund and the Certus Real Estate Fund. Both funds are Category II Alternative Investment Funds (AIFs).
TFCI will contribute up to 5 per cent of the corpus to the Holystone Hospitality Fund, an equity-focused fund. The company has already filed an application for the fund's registration with the Securities and Exchange Board of India (SEBI). This move underscores TFCI's commitment to supporting the growth and development of the hospitality sector in India.
In addition to the hospitality fund, TFCI has decided to act as an anchor investor in the Certus Real Estate Fund, contributing up to 10 per cent of the total fund size. An application for the registration of this fund has also been filed with SEBI. This initiative aims to bolster the real estate sector, which has been a cornerstone of economic growth in recent years.
TFCI, a specialized Non-Banking Financial Company (NBFC), provides financial assistance across various sectors including tourism and hospitality infrastructure, manufacturing, renewable energy, social and urban infrastructure, and real estate. The company's involvement in these funds is expected to drive investment and innovation in these critical areas.
The decision to co-sponsor and anchor these funds reflects TFCI's strategic vision to diversify its investment portfolio and support the development of key economic sectors. By leveraging its expertise and financial resources, TFCI aims to foster sustainable growth and create long-term value for stakeholders.
The hospitality and real estate sectors are crucial for India's economic development, providing employment opportunities and contributing significantly to the GDP. TFCI's proactive role in these sectors is expected to enhance their resilience and competitiveness, ultimately benefiting the broader economy.
For investors and stakeholders, TFCI's involvement in these funds offers a unique opportunity to participate in the growth of these sectors. The regulatory filings with SEBI are a crucial step in ensuring transparency and compliance, thereby instilling confidence in the market.
In conclusion, TFCI's strategic moves to co-sponsor and anchor the Holystone Hospitality Fund and Certus Real Estate Fund demonstrate its commitment to driving economic growth and fostering development in key sectors. These initiatives are poised to have a positive impact on the Indian economy, creating a robust foundation for future growth and prosperity.
