The Tourism Finance Corporation of India (TFCIL) has announced plans to acquire Cosmea Investment along with its wholly owned subsidiaries, step-down subsidiaries, and trusts.
In a recent board meeting held on Tuesday, TFCIL’s Board of Directors approved the proposal to enter an exclusive term sheet with the promoter, Cosmea Investment Holdco, to facilitate the transaction.
The acquisition will be carried out through a special-purpose vehicle or an affiliate that will be established specifically for this purpose. Cosmea Investment has developed a robust presence in various financial services sectors, including stock broking, commodity trading, wealth management, investment advisory and distribution, alternative investment funds, and asset reconstruction and recovery.
By integrating the operations within Cosmea’s ecosystem, TFCIL aims to seize opportunities across India’s burgeoning financial landscape, focusing on areas such as lending, wealth management, alternative investments, and asset reconstruction.
This move reflects TFCIL’s strategy to create a diversified, high-growth financial platform that will enable it to compete at the highest levels within India’s financial services sector, according to company statements.
The proposed acquisition is contingent upon customary due diligence, the signing of definitive agreements, and required regulatory approvals. Following the announcement, TFCIL shares declined by one percent to ₹75 on Tuesday.
Published on October 7, 2025
