ITDC In Green Executes Share Transfer Agreement

India Tourism Development Corporation (ITDC) has executed share transfer agreement for the transfer of 51% equity stakes in two joint venture subsidiary companies Madhya Pradesh Ashok Hotel Corporation Limited and Assam Ashok Hotel Corporation Limited, on Thursday.
The total consideration amounted to Rs 2.14 crores.

Meanwhile, the stock traded in positive territory gaining 0.29% at Rs 539.15 per share on BSE on Friday’s trade.

On NSE, the stock has attracted a traded volume of 17,980 shares and a traded value of Rs 97.27 lakhs.

On yearly basis, the stock has outperformed BSE Small-cap index on yearly basis.

India Tourism Development Corporation Limited operates hotels, and tours and travels. The company's segments include hotel/restaurants operations; duty-free shops operations; travels & tours operations & Misc. operations; construction, consultancy & SEL Projects, and Others.

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