Moneycontrol Bureau
India Tourism Development Corporation (ITDC) shares fell 5.2 percent intraday Friday on likely stake sale by the government through offer for sale (OFS).
The Government of India has considered divesting 12.03 percent stake in the company through OFS route, reports CNBC-TV18.
Bids have been invited by July 21 to appoint merchant bankers for ITDC stake sale.
The Government of India held 87.03 percent stake in the company as of March 2016.
At 14:58 hours IST, the scrip of India Tourism Development Corporation was quoting at Rs 252.50, down Rs 11.20, or 4.25 percent on the BSE.Posted by Sunil Shankar Matkar
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