OFS of India Tourism Development Corporation (ITDC) and State Trading Corporation (STC) Subscribed and the Government will Receive Rs. 34.45 Crore as Divestment Receipts

The OFS for divestment of 5% GOI equity in India Tourism Development Corporation (ITDC) and 1.02% equity in State Trading Corporation was done today on both the Stock Exchanges i.e. BSE and NSE. The OFS was subscribed and the Government will receive Rs. 34.45 crore as divestment receipts. Both the Companies have met the public shareholding norms for CPSEs and have thus been made SCRR compliant.