CNBC TV-18 : Tourism Fin Corp head –

IFCI attempting "hostile takeover" of co, IFCI has 37.36% stake in Tourism Finance Corp of India, IFCI has been buying Tourism Fin shrs from open market, IFCI had "zero" role in co ops in last 7-8 yrs, Lack of synergy between co, IFCI, Complained to fin min, SEBI, RBI on IFCI stake hike, Will file reply in Company Law Board in Jan, IFCI has filed petition in CLB against Tourism Fin, Head says Tourism Finance Corp's net NPAs nil as of now, Head says Tourism Fin Corp's gross NPAs below 2% of co's assets, Co's current avg cost of funds 9.2% , May raise 3 bln rupees via loans, bonds in Jan, Head says Tourism Fin Corp has raised 1.5 bln rupees in Apr-Dec, May raise 4-5 bln rupees via loans, bonds FY12 .