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Thomas Cook’s arm enters into Joint Venture Agreement with Authenticities

13 Apr 2023 Evaluate

Thomas Cook’s (India) wholly owned subsidiary -- Travel Corporation (India) has entered into a Joint Venture Agreement with Authenticities, Sri Lanka, for investing in Tropiculture, a company incorporated in Sri Lanka, in order to establish inbound business in Sri Lanka. The investment is subject to applicable regulatory approvals, and post the investment, Travel Corporation (India) would own 40 per cent stake in Tropiculture.

Thomas Cook (India) is India’s leading integrated travel services company.

Peers
Company Name CMP
Thomas Cook (India) 100.70
IRCTC 469.65
TBO Tek 1629.35
Le Travenues Techno 138.35
Yatra Online 94.45
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