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Tourism Finance Corporation to acquire Cosmea Investment Holdings

October 6, 2025 at 12:39 PM UTCBy FilingReader AI

Tourism Finance Corporation of India Limited (TFCI) held a Board of Directors meeting today, October 6, 2025, where it granted in-principle approval to enter an exclusive term sheet with Cosmea Investment Holdco Private Limited (CIHL). The agreement outlines the acquisition of 100% shareholding in Cosmea Investment Private Limited (CIPL), including its specified wholly-owned subsidiaries and step-down subsidiaries/trusts. The target company operates in financial services, including asset reconstruction, stock broking, wealth/portfolio management, and investment advisory.

The proposed acquisition by an affiliate/SPV of TFCI is contingent on several conditions. These include satisfactory detailed financial, legal, tax, and corporate due diligence of CIPL and its subsidiaries, verification of all assets and liabilities, finalization of share purchase consideration and payment mode, and execution of definitive share purchase and related agreements. Regulatory and other requisite approvals, along with statutory compliances, including fit and proper criteria, must also be met.

TFCI will provide further disclosures in accordance with applicable laws as and when material developments regarding the acquisition occur.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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