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Ashok Hotel Valued at Rs 7,409 Crore

India Tourism Development Corporation (ITDC) ‘s shares were stuck in the 20 per cent upper circuit at Rs 404.60. Under the national monetisation programme (NMP), the government of Delhi fixed an indicative value, ‘The Ashok’ hotel, at Rs 7,409 crore. Comparatively, the S&P BSE Sensex was down 0.11 per cent at 62,204.

In the morning trade, 1.92 million equity shares represented 2.23 per cent of the total equity of ITDC on both NSE and BSE and were pending buy orders for 1,34,425 shares, as per data. Comparatively, the S&P BSE Sensex was down 0.11 per cent at 62,204.

Among the eight IDTC assets listed under the National Monetisation Pipeline (NMP) announced by Sitharamanin 2021 in Ashok and the adjacent hotel Samrat.

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