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18-May2018

ITDC soars on inking share transfer agreement with APIDFC, DPAHCL, GoAP

India Tourism Development Corporation is currently trading at Rs. 425.35, up by 9.05 points or 2.17% from its previous closing of Rs. 416.30 on the BSE.

The scrip opened at Rs. 435.00 and has touched a high and low of Rs. 435.00 and Rs. 419.40 respectively. So far 1501 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 657.90 on 21-Sep-2017 and a 52 week low of Rs. 371.00 on 15-Mar-2018.

Last one week high and low of the scrip stood at Rs. 441.80 and Rs. 402.25 respectively. The current market cap of the company is Rs. 3651.20 crore.

The promoters holding in the company stood at 87.03%, while Institutions and Non-Institutions held 3.67% and 9.31% respectively.

India Tourism Development Corporation (ITDC) has signed a Share Transfer Agreement with Arunachal Pradesh Industrial Development & Financial Corporation (APIDFC), Donyi Polo Ashok Hotel Corporation (DPAHCL) and Government of Arunachal Pradesh (GoAP). The agreement is for transfer of 51% equity stake of ITDC in DPAHCL, the Joint Venture Subsidiary Company, to APIDFC/GoAP on a consideration amount of Rs 1,98,17,580.

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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