Thomas Cook (India)’s subsidiary - IKYA Human Capital Solutions, has completed the acquisition of Hofincons Infotech & Industrial Services. Pursuant to this, Hofincons Infotech & Industrial Services has become a wholly owned subsidiary of IKYA with effect from June 27, 2014 and correspondingly, of the company.
Earlier in June 05, 2014, IKYA had inked an agreement to acquire Hofincons Infotech & Industrial Services. Pursuant to the terms of that agreement, the board of Hofincons Infotech & Industrial Services at its the board meeting held on June 27, 2014, has approved the transfer of 5,539,110 equity shares of Rs 10 each being 100% of the issued, subscribed and paid up share capital of Hofincons Infotech & Industrial Services from Transfield Services (India) and Transfield Services (Mauritius) to IKYA and its nominee.
Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
