Thomas Cook (India) rallies 10%; Quess Corp falls nearly 10% in intra-day

Thomas Cook (India) rallied 10% to Rs 266 after the board of directors of the company has given consent to the management to explore the possibility of an internal corporate restructuring exercise

Shares of Thomas Cook (India) rallied 10% to Rs 266 on the BSE in intra-day trade in otherwise weak market after the company said that the board of directors has given consent to the management to explore the possibility of an internal corporate restructuring exercise.

“The restructuring exercise that would enable the company to focus on travel related business. The management would also look at providing shareholders of the company direct exposure and shareholding in the business of Quess Corp and enhance the stakeholders value,” Thomas Cook (India) said in a regulatory filing.

The company said no decision