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21-Sep2017

ITDC executes MoU for transfer of Lalitha Mahal Palace Hotel

India Tourism Development Corporation (ITDC) has executed a Memorandum of Understanding (MoU) on September 20, 20017 for transfer of Lalitha Mahal Palace Hotel, Mysore to State Government of Karnataka.

Recently, the company had executed a Quadripartite MoU with Arunachal Pradesh Industrial Development & Financial Corp (APIDFC), Donyi Polo Ashok Hotel Corporation (DPAHCL) and Government of Arunachal Pradesh (GoAP) for transfer of 51% Equity stake of ITDC in DPAHCL, the Joint Venture Subsidiary Company, to APIDFC/GoAP.

ITDC has been the prime mover in the progressive development, promotion and expansion of tourism in the country. The company is running hotels, restaurants at various places for tourists, besides providing transport facilities.



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