Thomas Cook India to acquire Travel Corporation

Published on Sat, Dec 16, 2006 at 15:05 |  Source : Moneycontrol.com

Updated at Sat, Dec 16, 2006 at 16:13  

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The combined businesses of Thomas Cook, LKP Forex and TCI will make this Group one of the largest travel and tour operators in India apart from being the largest in Forex. With its 68 branches in Thomas Cook, it will add 88 branches of LKP Forex, once the merger of the companies (currently pending with the Bombay High Court) is completed.  TCI's branches add up to 27. The total platform will have almost 200 branches and outlets, making it the largest organization in terms of distribution capability.

 

TCI also has 11 offices abroad and these will now serve the Group as selling and distribution offices for the Group, Mr. Bose said.

 

HSBC were the Advisor to Thomas Cook India and TCI was advised by Citigroup. 

 

Sourced From: Sampark Public Relations Pvt Ltd

  

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