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ITDC seeks shareholders’ nod for divesting stake in hotels

ITDC seeks shareholders’ nod for divesting stake in hotels

Saturday, April 15, 2017, 1:29 PM

India Tourism Development Corporation (ITDC) is seeking shareholders’ nod to divest stake in the undertakings and joint venture (JV) subsidiaries of the company. The state-run firm is looking to divest or offload its stake in all hotels run by it except Ashok and Samrat hotels in the national capital. The Ministry of Tourism has appointed transaction advisors to offload stake in Hotels.
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