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Board of Thomas Cook (India) approves acquisition of Tata Capital's forex and travel services companies

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Capital Market

At meeting held on 25 September 2017

The Board of Thomas Cook (India) has approved the signing of a definitive agreement with Tata Capital to acquire its wholly owned subsidiaries, Tata Capital Forex (foreign exchange) and TC Travel and Services (travel services). The network of the two acquired entities includes 24 locations pan India. The transaction remains subject to regulatory approvals.

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First Published: Sep 25 2017 | 12:53 PM IST

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