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ASHOK HOTEL DIVESTMENT
ITDC shares rally 40% in two days, skyrocket 67% in seven sessions. What’s behind the surge?ITDC shares surged over 16%, extending a sharp multi-day rally of more than 67%, driven by reports of asset monetisation, including the div...
'The Ashok' to be leased out to private companies, 7 other ITDC hotels to be monetised in 4 yearsIndia Tourism Development Corporation (ITDC), a PSU under the Tourism Ministry, runs hotels, restaurants at various places for tourists, be...
ITDC to continue running Samrat hotel in Delhi: Kamala Vardhana Rao, CMD, ITDC"As per the disinvestment policy of the government of India, the hotel properties of ITDC are being disinvested keeping in view that runnin...
Government initiates transfer of ITDC hotels to state governmentsHotel Lalitha Mahal Palace (Mysore) will be transferred to Karnataka government, Hotel Jaipur Ashok to Rajasthan, Hotel Lake View Ashok (Bh...
Govt kick-starts process to sell 12.03% in ITDCShares of ITDC were trading at Rs 253.50, down 3.87 per cent, on BSE. At the current market price, the share sale could fetch about Rs 260 ...
ITDC indentifies five hotels for disinvestmentThe Centre has identified five ITDC-run hotels, including Hotel Janpath in the national capital for privatisation as part of its plan to di...
ITDC plans to privatise 8 of its 16 hotelsTourism ministry has tasked ITDC to review all its hotels with the exception of its flagship Ashok in the capital and recommend viable fina...
Government to privatise 8 sick ITDC hotels, will retain AshokThe Ashok alone incurred a loss of about Rs 13 crore in 2014-15, while other ITDC hotels together ran up losses of about Rs 15 crore.
- DLF aims Rs 6,500 crore sales in FY'13; sale of non-core business soon
DLF today said it is targeting Rs 6,500 crore of sales in the housing segment this fiscal, up by 23 per cent from FY 2012.
- DLF to sell 13-acre Gurgaon plot for Rs 300 crore to ease debt burden
About 1 million sq ft of commercial space can be built on the plot, which is expected to fetch Rs 300 crore for the realty firm.
- DLF to sell developed properties
DLF plans to sell developed properties, including five IT parks and its hotel business, hoping to mop up 7,000 crore in the next two years.
- DLF to sell developed properties; stock rises
In a significant shift in strategy, DLF plans to sell developed properties, including five IT parks and its hotel business.
- DLF arm will pay Rs 145 crore to settle dispute, pave way for partner in Aman Resorts
The hospitality arm of the country’s largest realty firm DLF Ltd will pay `145 crore to settle a dispute with certain overseas investors, p...
- ITC, Accor eye Unitech hotels
Diversified business group ITC, international hotel chain Accor and some high net worth individuals are in the race to acquire six hotel pr...
- ITDC registers 1346% jump in profits
The Puri hotel of ITDC, which is not operational now, would be revived through public-private partnership.
- Rs 3,336 cr realised from PSU sales: Shourie
The government has realised about Rs 3336 crore on account of disinvestment of public sector units as against a target of Rs 12,000 crore t...
- Property row set to delay Kanishka selloff
The government is likely to put off disinvestment of Kanishka Hotel for which bids were to be invited in the third week of June.
- Govt to drop Hotel Janpath, Ashok off divestment list
HAVING failed to attract bidders during the previous tranche of disinvestment, the government has decided to drop Hotel Ashok and Hotel Jan...
- Centre to share hotel divestment booty with states
NEW DELHI: In a bid to rope in state governments as willing allies in the privatisation of hotels, the Ministry of Disinvestment has decide...
- Kanishka, Indraprastha set to be bifurcated
NEW DELHI: In a bid to attract investors, the government is planning to bifurcate Hotel Kanishka and Indraprastha; allow Hotel Janpath and ...