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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 soonDLF 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 burdenAbout 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 propertiesDLF 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 risesIn 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 ResortsThe 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 hotelsDiversified 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 profitsThe Puri hotel of ITDC, which is not operational now, would be revived through public-private partnership.
- Rs 3,336 cr realised from PSU sales: ShourieThe 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 selloffThe 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 listHAVING 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 statesNEW 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 bifurcatedNEW DELHI: In a bid to attract investors, the government is planning to bifurcate Hotel Kanishka and Indraprastha; allow Hotel Janpath and ...
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