India Tourism Development Corporation (ITDC) has signed a Share Transfer Agreement with Arunachal Pradesh Industrial Development & Financial Corporation (APIDFC), Donyi Polo Ashok Hotel Corporation (DPAHCL) and Government of Arunachal Pradesh (GoAP). The agreement is for transfer of 51% equity stake of ITDC in DPAHCL, the Joint Venture Subsidiary Company, to APIDFC/GoAP on a consideration amount of Rs 1,98,17,580.
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.
