Proximity to PM's house stalls divestment in Hotel Ashok, Samrat

ITDC is divesting its share of 51% in the joint venture company formed for operation of the hotels

Closeness to the Prime Minister’s residence has prompted the government to put on hold any disinvestment in the Ashok and Samrat hotels. 

This was disclosed by Mahesh Sharma, minister of state for environment, forests & climate change, at the annual general meeting of the PHDCCI business chamber. The adjacent hotels are very close to the PM’s house at 7, Lok Kalyan Marg (better known by the former name, Race Course Road). 

Sharma said 15 other hotels owned by the state would be disinvested as scheduled, as the government held that operating these was not its business. Earlier this year, the