Stock advisory Company >> Union government to transfer three more ITDC properties

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The Finance Minister Arun Jaitley announced in a press conference on Wednesday that the Central government will be transferring three more of the ITDC properties to the states for the purpose of development.

Indian Tourism Development Corporation (ITDC) had announced on Tuesday that it has signed a Memorandum of Understanding (MoU) with Arunachal Pradesh Industrial Development and Financial Corp Ltd (APIDFC), Donyi Polo Ashok Hotel Corporation Limited (DPAHCL) and Government of Arunachal Pradesh (GoAP), making an agreement to transfer 51% equity stake of ITDC in DPAHCL, the joint venture subsidiary company, to APIDFC/GoAP, the company said in a BSE filing on Tuesday.