ITDC has entered into MoU with state governments to transfer its stake in the joint ventire subsidiary companies. The company has signed a Memorandum of Understanding (MoU) with government of Madhya Pradesh for transfer of 51 percent equity stake of ITDC in MP Ashok Hotel Corporation to the MP State Tourism Development Corporation. It has signed a MoU with Government of Assam for transfer of 51 percent equity stake of ITDC in Assam Ashok Hotel Corporation to the Government of Assam.