The state of ITDC hotels and why government is checking out of them timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Shares of state-owned hotel company India Tourism Development Corporation (ITDC) and defence firm BEML rallied up to 17 per cent on the BSE in Thursday s session on the back of heavy volumes following a report that the government could invite expression of interest (EoI) for divestment in these public sector companies. Over the next few weeks, the department of investment and public asset management (DIPAM) will finalise the process of strategic sale of several public sector undertakings (PSUs) including BEML, India Tourism Development Corporation (ITDC) and Central Electricity Corporation,
Moneycontrol reported quoting sources. Among individual stocks, ITDC rallied 17 per cent to its 52-week high of Rs 354 on the BSE. Trading volumes on the counter jumped seven-fold with a combined 2.6 million equity shares changing hands on the NSE and BSE till the time of writing of this report.