Thomas Cook India has received an approval to acquire 4.44% equity shares of Travel Corporation (India) from Sterling Holiday Resorts, a wholly owned subsidiary of the company. The Sub - Committee of the Board of Directors at its meeting held on April 19, 2018 approved the same.
The cost of acquisition is Rs 166,922,256.20 and acquisition may be completed by end of May 2018.
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.
