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
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
