Aditya Halwasiya Holdings Crash: Tourism Finance, Cupid Hit 20% Lower Circuit

• Shares of Tourism Finance Corporation of India Ltd. (TFCI) and Cupid Ltd. fell 20% to their lower circuit on Friday, January 2.
• Both companies are significantly held by investor Aditya Kumar Halwasiya, who has an 18.8% stake in TFCI and 32.58% in Cupid.
• No official announcement was made by either company to explain the sudden sharp fall in stock prices.
• TFCI saw a large block trade of 15 million shares (3.24% equity) at ₹56, totaling ₹830 million, earlier in the day.
• Cupid, under ASM Stage 1, snapped a 13-day winning streak, while TFCI ended a two-day gaining streak.

Why It Matters: Aditya Halwasiya's key holdings, TFCI and Cupid, unexpectedly crashed 20% to lower circuits.