Transaction Advisory Services for ITDC Equity Valuation in Pondicherry Ashok Hotel Corporation Limited

India Tourism Development Corporation Ltd. (ITDC), a Public Sector Undertaking, is pleased to announce an Open Tender for the "Engagement of Transaction Advisor for Valuation of equity stake of ITDC in Pondicherry Ashok Hotel Corporation Limited (PAHCL)." This significant service requirement, categorized under Miscellaneous Services, seeks to appoint a qualified Transaction Advisor to undertake the critical task of valuing ITDC's equity in the Pondicherry Ashok Hotel Corporation Limited. The tender process officially commenced on October 16, 2026, at 06:00 PM, with the document download and bid submission windows open until November 11, 2026, at 04:00 PM. Interested bidders are strongly advised to carefully review all tender documents, including the Notice Inviting Tender (NIT) and the Request for Proposal (RFP), which are available for download. A pre-bid meeting is scheduled for October 26, 2026, at 12:00 PM, to be held at ITDC, SCOPE Complex, Core 8, Sixth Floor, 7 Lodhi Road, New Delhi 110003, in a hybrid mode, providing an opportunity for prospective bidders to seek clarifications. The formal bid opening will take place on November 12, 2026, at 04:00 PM. The Earnest Money Deposit (EMD) for this tender is fixed at ₹1,00,000, with provisions for exemption via Bank Guarantee or Security Tender. The tender is structured with two covers, the first for Fee/PreQual/Technical submissions and the second for the Financial Bid. A comprehensive list of required documents for the technical and pre-qualification stage is detailed within the tender notice, encompassing aspects such as empanelment, financial capacity, past experience, proposed team, and various declarations and undertakings. The contract period for the engagement is anticipated to be 365 days, with a bid validity of 180 days. All submissions must adhere to the specified format and deadlines. The tender inviting authority is V.K Jain, Company Secretary, located at ITDC, SCOPE Complex, Core 8, Sixth Floor, 7 Lodhi Road, New Delhi 110003.