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Thomas Cook concludes acquisition of 100% stake in TC Forex Services

31 Oct 2017 Evaluate

Thomas Cook (India) has completed acquisition of 100% stake of TC Forex Services (formerly known as Tata Capital Forex) from TATA Capital on October 30, 2017.

Earlier, the company had received its board’s approval for signing of a definitive agreement with TATA Capital for the same. The company’s board gave approval for the same at its meeting held on September 25, 2017.

Thomas Cook (India) (TCIL) is the leading 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) 104.05
IRCTC 461.25
TBO Tek 1688.20
Le Travenues Techno 159.30
Yatra Online 105.30
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