EBITDA margin improved by 15 basis points QoQ in Q2FY19 at 5.36 percent
Thomas Cook India in focus today as the company has met with investors to discuss the company's growth and strategies for the year ahead. In an interview to CNBC-TV18, Madhavan Menon, Chairman & MD of the company spoke at length about the same.
Thomas Cook will sell 5.42 percent stake in their subsidiary Quess Corp via Rs 600 crore offer for sale. This will bring the promoter holding in Quess Corp down to 75.38 percent from 81.52 percent.
Organically we are looking to grow our businesses between 15 and 20 percent and layer acquisitions on top of that, Ajit Isaac, CMD & CEO of Quess Corp said.
Quess Corp looks to raise Rs 1,150 crores via institutional placement. In an interview to CNBC-TV18, Ajit Issac, CMD & CEO of Quess Corp spoke about the same.
Quess Corp has made two recent acquisitions. It had acquired 46 percent in Heptagon Tech for Rs 9.77 crore and 51 percent stake in Singapore's Comtel Solutions. In an interview to CNBC-TV18, Ajit Issac, CMD & CEO of the company explains the rationale as well as the future potential of these acquisitions.