Tfs Financial Corporation shares rise 1.03% intraday after SSP Group PLC announced the IPO of Travel Food Services Ltd.

Tfs Financial Corporation rose 1.03% during intraday trading, with the company's joint venture partner, K Hospitality, noting that TFS filed its Red Herring Prospectus with the Indian regulatory authorities regarding the proposed IPO. The IPO is expected to take place on July 14, with an anticipated market capitalization of between INR137.6 billion and INR144.8 billion, around GBP1.17 billion to GBP1.23 billion.