Subsequent to the government announcing disinvestment of ITDC hotels, Hotel Ashok Bangalore was demerged with Kumarakruppa Frontier Hotels Pvt. Ltd. (KFHPL), a company under the Ministry of Tourism. KFHPL has paid a dividend of INR. 6, 32, 06,064/- for the financial year 2019-20 to the Ministry of Tourism. Kumarkrupa Frontier Hotels Limited, was formed after demerger of Hotel Ashok Bangalore from India Tourism Development Corporation (ITDC) Ltd. as per disinvestment policy of Government of India in the year 2001. KFHPL has been consistently paying dividend every year to the Ministry of Tourism, Government of India since its inception.
Kumarakruppa Frontier Hotels pays dividend fund to Ministry of Tourism
KFHPL has paid a dividend of INR. 6, 32, 06,064/- for the financial year 2019-20 to the Ministry of Tourism.
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