Published on Sat, Dec 02, 2006 at 11:40 | Source : Moneycontrol.com
Updated at Mon, Dec 04, 2006 at 08:45
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Thomas Cook to acquire TCI
Thomas Cook will acquire Travel Corporation India or TCI for over Rs 182 crore, in an all-cash deal. Thomas Cook, which earns a significant percentage of its revenue from the forex business, says TCI will give it a firm foothold in the domestic market, reports CNBC-TV18.
Thomas Cook will acquire Travel Corporation India or TCI for over Rs 182 crore, in an all-cash deal. Thomas Cook, which earns a significant percentage of its revenue from the forex business, says TCI will give it a firm foothold in the domestic market, reports CNBC-TV18.
Udayan Bose, Chairman, Thomas Cook India says, "I was looking around for a company that is strong in inbound travel and this was extremely strong; it is one of the strongest. It is the second strongest inbound company in the country."
Udayan Bose, Chairman, Thomas Cook India says, "I was looking around for a company that is strong in inbound travel and this was extremely strong; it is one of the strongest. It is the second strongest inbound company in the country." 
