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Thomas Cook India’s arm to acquire 51% stake in TBSS

21 Nov 2017 Evaluate

Thomas Cook India’s subsidiary - Quess Corp has received an approval for acquisition of 51% equity stake in Tata Business Support Services (TBSS), a subsidiary company of Tata Sons for a consideration of up to Rs 153 crore. The board of directors of Quess at its meeting held on November 20, 2017 has approved for the same.

Thomas Cook (India) 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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