The sharp rally in the stock intensified after NDTV Profit on Thursday cited government sources to report that the company has divested three out of four hotel subsidiaries of its prime asset, the Ashok Hotel. The reported divestment is taking place under National Monetisation Pipeline 2.0, the report further said, adding that the monetisation will be executed via the public private partnership route (OMDA model), with private players handling operations and upgrades.The sharp rally in the stock intensified after NDTV Profit on Thursday cited government sources to report that the company has divested three out of four hotel subsidiaries of its prime asset, the Ashok Hotel. The reported divestment is taking place under National Monetisation Pipeline 2.0, the report further said, adding that the monetisation will be executed via the public private partnership route (OMDA model), with private players handling operations and upgrades.
ITDC shares rally 40% in two days, skyrocket 67% in seven sessions. What's behind the surge?
