ITDC surges upto 10 per cent
DSIJ Intelligence / 28 Apr 2017
India Tourism Development Corporation zoomed more than 9.99 per cent in early trade, and is trading at Rs 717.8 on an intraday basis. Its share price has breached upper circuit limit at Rs 735.60 in pre-market session.
India Tourism Development Corporation zoomed more than 9.99 per cent in early trade, and is trading at Rs 717.8 on an intraday basis. Its share price has breached upper circuit limit at Rs 735.60 in pre-market session. The share price of India Tourism Development Corporation has increased more than three times in last one year.
The share price surged as various state governments have signed letter of agreement for equity transfer, with the company.
Government of Madhya Pradesh has signed a letter, for transfer of 51 per cent equity stake of ITDC in MP Ashok Hotel Corporation to the MP State Tourism Development Corporation.
Government of Assam to transfer 51 per cent equity stake of ITDC in Assam Ashok Hotel Corporation to the Government of Assam. Government of Rajasthan to transfer stake of Hotel Bharatpur Ashok (Hotel Bharatpur Ashok is being managed by ITDC on behalf of Ministry of Tourism, Government of India).
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