ITDC & HCI – Divestment Valuation – India

Year: 1992 - 93

Overview:

The India Tourism Development Corporation (ITDC) and Hotel Corporation of India Ltd (HCI) were looking to privatize of these assets and assigned Horwath HTL India as Valuation Advisors.

Solution:

Horwath HTL provided divestment related valuations for various hotels and resorts owned by the aforementioned government bodies. This was conducted particularly at a time when the aspect of divestment was new for India, and the government.

Status:

The valuation reports submitted by Horwath HTL India assisted in the privatisation of these assets.