Tata Capital sells Travel & Forex business to Thomas Cook

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After completing the acquisition of Tata Capital’s travel and forex business, Thomas Cook India expects $100 million of extra volumes to come into its fold. During an analysts call, Debasis ... MUMBAI: Tata Capital said it has signed a definitive agreement to sell Tata Capital Forex Limited (foreign exchange) and TC Travel and Services Limited (travel services) to Thomas Cook Ltd. It added that these companies will continue to run under the Tata Capital management, in consultation with Thomas Cook on specific matters, till the closing date when the share sale will be consummated. NEW DELHI: Tour operator and financial travel services provider Thomas Cook (India) said it expects to obtain regulatory approvals for the acquisition of Tata Capital Forex and TC Travel and Services in a month. “We have a long-standing relationship with the Tata Group and the deal will also consolidate our position as a major player in the foreign exchange and corporate travel space ... BRIEF-Tata Capital says to sell forex exchange and travel services units to Thomas Cook India. 1 Min Read. Sept 25 (Reuters) - * India’s Tata Capital announces divestment of its foreign exchange ... Tata Capital to sell forex, travel services arms to Thomas Cook Business Line 25 Sep 2017 4 more Recommended. THOMAS COOK (INDIA) LTD. - 500413 - Announcement under Regulation 30 (LODR)-Press Release / Media Release ... Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, announced that its Board has approved the signing of a definitive agreement with Tata Capital Limited to acquire its wholly owned subsidiaries, Tata Capital Forex Limited (foreign exchange) and TC Travel and Services Limited (travel services). The two subsidiaries are Tata Capital Forex Ltd, which provides services related to foreign exchange, and TC Travel and Services Ltd, which provides travel services. Established in 2007, Tata ... Thomas Cook, the travel services company, said it had purchased the forex business of Tata Capital, Tata Capital Forex, in its entirety. “We would like to inform you that the Board of Directors of the Company at their Meeting held on 25th September, 2017, approved the acquisition and signing of a definitive agreement with TATA Capital Limited to acquire 100% stake in TATA Capital Forex ... Corporate Travel Management by Tata Capital TC Travel, combined with its predecessors, have more than 22 years of experience in providing specialized airline ticketing & ancillary services for large and small companies, including a major cross-section of the Tata’s, across the country. Travel consultants at Tata Capital Travel help you plan your holiday. Ticket & hotel bookings, forex, visas, car rentals are the other services they offer.

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