TCI Finance defaults in monthly payment of EMI of term loan; Stock trades lower

29 Mar 2022 , 03:25 PM

TCI Finance Limited informed the exchanges Tuesday that the company has defaulted in payment of EMI of the term loan of HDFC Limited for the month of March 2022 for Rs1712854/- and Rs1712931/-.

Towards close of trade on Tuesday, TCI Finance Ltd was trading at Rs6 apiece down by Rs0.31 or 4.91% from its previous closing of Rs6.31 apiece on the BSE.

The scrip opened at Rs6.31 and has touched a high and low of Rs6.61 and Rs6 respectively.