Travel services provider Thomas Cook India will acquire rival Kuoni group’s business in India and Hong Kong for Rs 535 crore. The company has entered into an agreement with Kuoni group to buy 100 per cent stake in Kuoni Travel (India). It will take all 1,800 employee of Kuoni's Travel business unit and will continue to run the business activities as an independent entity.
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.
