Moneycontrol
Feb 15, 2017 08:26 PM IST | Source: PTI

Thomas Cook India arm acquires 64% stake in Comtel Solutions

Travel services provider Thomas Cook India today said its arm Quess Corp has acquired 64 percent stake in Singapore-based technology service provider Comtel Solutions Pte Ltd for an undisclosed sum.

Thomas Cook India arm acquires 64% stake in Comtel Solutions

Travel services provider Thomas Cook India today said its arm Quess Corp has acquired 64 percent stake in Singapore-based technology service provider Comtel Solutions Pte Ltd for an undisclosed sum.


"Quess Corp Ltd, a subsidiary of Thomas Cook (India) Ltd, has completed acquisition of 64 percent equity in Comtel Solutions Pte. Ltd., Singapore on February 14, 2017," the company said in a filing to BSE.


Thomas Cook India, however, did not provide any financial details on the stake acquisition.


Quess Corp is a business services provider operating in four broad segments: Global Technology Solutions, People and Services, Integrated Facilities Management and Industrial Asset Management.


Comtel Solutions Pte Ltd has been in business for over a decade and has expanded across Asia Pacific and several industry verticals.


Its divisions work across various sectors and the solutions developed by it cover areas such as banking, high-tech manufacturing, telecommunication, logistics and healthcare industries.

Shares of Thomas Cook India today closed at Rs 197.05 per scrip on BSE, up 0.54 percent from its previous close.

Sections
Follow us on
Available On