Transcorp International has received an approval to acquire further 10,00,000 equity shares of wholly owned subsidiary named Ritco Travels and Tours of Rs 10 each at a premium of Rs 10 per share, subject to the approval of shareholders. The board of directors at its meeting held on July 19, 2014 has approved for the same.
Transcorp International operations include money changing and transfers; currency notes exports, car renting services and organizing tours & travels.