The Ashok hotel valued at Rs 7,409 crore; ITDC freezes in 20% upper circuit

The government has fixed an indicative value for Delhi's iconic 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme.

Shares of India Tourism Development Corporation (ITDC) were locked in the 20 per cent upper circuit at Rs 404.60 on the BSE on Friday as of 02:19 pm. This came as the government fixed an indicative value for Delhi's 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme. In comparison, the S&P BSE Sensex was down 0.11 per cent at 62,204.
Till 02:19 pm; a combined 1.92 million equity shares representing 2.23 per cent of total equity of ITDC changed hands on the NSE and BSE. There were pending buy orders for 1,34,425 shares on the NSE and