TCI Finance has received an approval for the sale of investment of subsidiary company. Divestment of 100% equity investment held by the company in Itag Business Solutions (a wholly owned subsidiary). Further after completion of formalities Itag Business Solutions shall cease to be a subsidiary of the company.
The Board of Directors of the company at their meeting held on October 30, 2018, approved the same.
TCI Finance’s principal activity is to provide non-banking financial services. Their products include hire purchase, leasing and inter corporate loans.