ITDC's shares soared by 20%, reaching Rs 529.35, after divesting three subsidiaries under the NMP 2.0 asset monetisation plan. The surge occurred despite a 9.6% decline in the year-to-date performance. This move is expected to optimize operations and enhance efficiency through the Public-Private Partnership (PPP) model.

The Indian Tourism Development Corporation (ITDC) is in trouble for not meeting the required number of independent directors on their board as per SEBI regulations. In an effort to rectify this issue, ITDC is actively working on appointing new directors and has asked for a waiver of any penalties that may arise from this non-compliance.