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Thomas Cook gets nod for merger of SITA with Travel Corporation

04 Feb 2016 Evaluate

Thomas Cook (India) has received an approval for the merger of SITA, the inbound division of Kuoni Travel (India) (a wholly owned subsidiary of the company) with Travel Corporation (India) (TCIL) (also a wholly owned subsidiary of the company) subject to regulatory approvals and compliance. The board of directors at its meeting held on February 03, 2016 has approved for the same.

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.

Peers
Company Name CMP
Thomas Cook (India) 103.70
IRCTC 460.70
TBO Tek 1695.70
Le Travenues Techno 159.20
Yatra Online 104.95
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