Indian Tourism Development Corp floats on stock exchange

TD Guest Writer

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IDTC now trades its shares on the NSE
IDTC now trades its shares on the NSE

The shares of the India Tourism Development Corporation (ITDC) have started being traded on the India’s largest stock exchange.

The public sector body, which is controlled by India’s Ministry of Tourism, started listing its shares on the National Stock Exchange (NSE) on 30 December 2016, with an opening price of INR229 (approx. US$3.35).

On the same day, the stock touched a high of INR234 before later settling at INR211 per share. In terms of volume, a total of 122,798 shares were traded on the NSE.

“It’s a matter of great pride for us to be listed in India’s largest stock exchange and world’s third largest stock exchange in terms of transactions,” said Pradip Kumar Das, director of finance at ITDC. “At ITDC, we are moving with positive momentum and are sure that we are going to make some remarkable performances in the coming years.”

IDTC had already traded shares on the Bombay Stock Exchange (BSE).
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