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Last Updated : Apr 25, 2018 04:29 PM IST | Source: Moneycontrol.com

Hold Thomas Cook India; target of Rs 298: Sharekhan

Sharekhan recommended hold rating on Thomas Cook India with a target price of Rs 298 in its research report dated April 24, 2018.

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Sharekhan's research report on Thomas Cook India


TCIL board has approved corporate restructuring process wherein travel and financial services business will be part of TCIL and HR services will be part of Quess Corp. Post the regulatory approval, TCIL will not hold any stake in Quess Corp as existing shareholders of TCIL will receive shares of Quess in the proposed swap ratio.  The proposed restructuring will simplify the group structuring, help TCIL and Quess grow independently and enhance shareholders value in near future.


Outlook


We maintain our Hold rating with an unchanged price target of Rs. 298.


For all recommendations report, click here


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First Published on Apr 25, 2018 04:29 pm
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