Tourism Finance Corporation of India or TFCI stock is in focus on the back of a possible open offer being triggered due to change in management. BM Gupta, ED of the company, spoke to CNBC-TV18 about the offer.

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"No approval is pending now and therefore, the open offer will be on in the first week of February," Gupta said on Monday.

"There will be certain inductions at the board level and that will happen once the open offer is complete, it may take about 2 month time," said Gupta.

On the business front, Gupta said, “The loan book size is approximately Rs 1,700-1,800 crore range and it can be easily raised up to Rs 5,000 crore without raising any equity.”

"Around 82-83 percent of current loan book is from tourism sector," he added.

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