ITDC & HCI – Divestment Valuation
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.
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.
The valuation reports submitted by Horwath HTL India assisted in the privatisation of these assets.