Millennium Post

Centre to exit 3 ITDC hotels

New Delhi: As part of the disinvestment exercise, the Centre on Wednesday decided to exit three ITDC hotels including Jaipur Ashok and handover them to the state governments concerned.
The Union Cabinet approved the transfer of Hotel Jaipur Ashok and Lalitha Mahal Palace Hotel, Mysore, to the governments of Rajasthan and Karnataka, Finance Minister Arun Jaitley said. It also cleared disinvestment of ITDC's 51 per cent equity in Donyi Polo Ashok, Itanagar, in favour of Arunachal Pradesh, he said.
Briefing the media after the Cabinet meeting, chaired by Prime Minister Narendra Modi, Jaitley said that as per valuation the Jaipur property would fetch the Centre Rs 14 crore, Mysore Rs 7.45 crore and Itanagar Rs 3.89 crore.
M Post Bureau

M Post Bureau

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