Thomas Cook’s arm completes acquisition of Brainhunter Systems

IKYA Human Capital Solutions (IKYA), subsidiary of Thomas Cook (India) has completed the acquisition of 7,000,100 shares of common stock being 100% of the issued, subscribed and paid up share capital of Brainhunter Systems which has been transferred in favour of IKYA. Thus, Brainhunter Systems has become a wholly owned subsidiary of IKYA with effect from October 23, 2014 and correspondingly, of Thomas Cook (India).

Last month, IKYA had signed a definitive agreement to acquire Brainhunter (Zylog Systems), subject to statutory and regulatory approvals.

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.