Shareholder update

Valuation of Market Linked Debentures

Tourism Finance Corporation of India Limited issues Rated, Listed, Secured, Redeemable, Principal Protected Non-Convertible Market Linked Debentures (MLDs) that have features of debt.

Please review the relevant offer document / memorandum of private placement relating to the specific PPMLDs for details on the MLDs including their risk factors.

As per the Guidelines for Issue and Listing of Structured Products / Market Linked Debentures dated September 28, 2011 issued by SEBI, depending on the valuation agency mentioned in the offer document / memorandum of private placement; latest and historical valuations provided by the valuation agent will be available as below:

Other Information

Credit Ratings

Rating Agency Date of Rating Rating (Rs. in crore) Rating Action Rationale
Long-term Bonds Bank Borrowings
CARE 03.09.2021 CARE A; Negative
(Single A; Outlook: Negative)
-- Revised from CARE A+;
Negative (Single A Plus;
Outlook: Negative
Brickwork 21.06.2021 A+ Outlook:Negative (791.24) A+ Outlook:Negative (1150.00) Reaffirmed Brickwork
ACUITE 26.11.2021 AA- Outlook: Negative (159.74) AA (Provisional-Proposed NCDs) / Outlook:Stable (250.00) AA- Negative (200.00) Reaffirmed/Assigned ACUITE

Investor Contact

Tourism Finance Corporation of India Ltd.

4th Floor, Tower–1, NBCC Plaza,

Sector–V, Pushp Vihar Saket,

New Delhi - 110017


[email protected]