Jul 24, 2013, 08.08 AM | Source: CNBC-TV18
Priyanka Ghosh of CNBC-TV18 reports that travel giant Thomas Cook has now joined the bandwagon of MNCs, acting on the total asset monetisation plan they had laid out a while ago.
Priyanka Ghosh (more)
Reporter, CNBC-TV18 |
The sale comes as a part of the total asset monetisation plan that the company had been reporting. It had reported this on May 20. The asset is located in Chandramukhi building at Nariman Point. The area is 10,300 square feet. The deal is expected to be clinched anywhere between Rs 30-32 crore.
According to market analysts, the total deal is expected to be fetched at about Rs 30,000-32,000 per square foot.
Thomas Cook is looking to sell 60-70 percent of its total assets in a bid to consolidate operations. It is estimated that it has about 60,000 square feet in Mumbai and over a lakh of square feet pan India.
Since the locations of these assets are so fragmented they couldn't ascribe a particular valuation to the total asset sale.
Buy Thomas Cook; target of Rs 255: Sharekhan
Sharekhan is bullish on Thomas Cook Ind has recomm
Thomas Cook reports Q3 net loss of Rs 13.53 cr
The integrated travel and related financial servic
Thomas Cook appoints Dipak Deva as MD of Travel Corporation
Thomas Cook India announced the appointment of Mr
Thomas Cook: Outcome of board meeting
Thomas Cook (India) has informed that the Board of
Quess Corp files IPO papers with Sebi; to raise Rs 400 cr
The company has filed its Draft Red Herring Prospe
Quess Corp to file IPO papers with Sebi
Quess Corp, the staffing services firm owned by Th
PM kick-starts Make in India Week in Mumbai today
On his arrival at the airport today, Prime Ministe
Thomas Scott: Outcome of board meeting
Thomas Scott (India) inits meeting held on Februar