SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ITDC to sign MoUs for transfer of equity stake to respective state corporations

27 Apr 2017 Evaluate

India Tourism Development Corporation (ITDC) has decided to ink Memorandum of Understandings (MoUs) with the willing states for transfer of equity stake/units to the respective States/State Corporation as it will take some time to complete the actual formal process [considering the various steps involved such as approval by Core Group of Secretaries on disinvestment (CGD), the CCEA and the shareholders of ITDC etc.] for actual transfer to take place. The company’s board through agenda by circulation approved for the same on April 27, 2017.

The MoUs will be based on the valuation range recommended by the ITDC Board in the meeting held on April 13, 2017, the recommendations of the ITDC Board as approved by the Evaluation Committee (constituted by the Ministry of Tourism, Government of India in accordance with the Guidelines of DIPAM, Ministry of Finance for strategic disinvestment of CPSEs) and finally approved by the Inter Ministerial Group(constituted by the Ministry of Tourism, Government of India for disinvestment of hotels/properties of ITDC and its JV subsidiaries).

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.



Ind Tourism Dev Corp Share Price

617.00 -22.45 (-3.51%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 659.55
ITC Hotels 162.45
EIH 321.55
Chalet Hotels 778.90
Mahindra Holi.&Resor 272.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×