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28-Nov2017

Thomas Cook India moves up on its arm concluding acquisition of 51% stake in TBSS

Thomas Cook (India) is currently trading at Rs. 236.50, up by 2.05 points or 0.87% from its previous closing of Rs. 234.45 on the BSE.

The scrip opened at Rs. 238.65 and has touched a high and low of Rs. 239.25 and Rs. 230.10 respectively. So far 4841 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 257.55 on 03-Oct-2017 and a 52 week low of Rs. 178.00 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 251.50 and Rs. 226.00 respectively. The current market cap of the company is Rs. 8694.63 crore.

The promoters holding in the company stood at 67.63%, while Institutions and Non-Institutions held 20.63% and 11.74% respectively.

Thomas Cook India's subsidiary - Quess Corp has completed the acquisition of 51% equity stake in Tata Business Support Services (TBSS) on November 27, 2017.

Recently, Quess Corp had received an approval for acquisition of 51% equity stake in 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 had 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.



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