We wouldn’t blame Tourism Finance Corporation of India Limited (NSE:TFCILTD) shareholders if they were a little worried about the fact that Koppara Thomas, the Non-Executive Non-Independent Director recently netted about ₹1.8b selling shares at an average price of ₹209. That diminished their holding by a very significant 70%, which arguably implies a strong desire to reallocate capital.
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The Last 12 Months Of Insider Transactions At Tourism Finance Corporation of India
Notably, that recent sale by Koppara Thomas is the biggest insider sale of Tourism Finance Corporation of India shares that we’ve seen in the last year. That means that an insider was selling shares at slightly below the current price (₹243). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while…
