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Article: Thomas Cook UK acquires 54 pc stake in TCIL.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- March 31, 2008
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Thomas Cook UK acquires 54 pc stake in TCIL
Mumbai, Mar 31 (PTI) Travel services firm Thomas Cook India today said two of its promoters Dubai Financial Group and TCIM have exited its board and a 54.42 per cent stake has been acquired in the company by its new promoter Thomas Cook UK.
According to a stock exchange filing here, Thomas Cook UK has acquired 100 per cent shareholding of Thomas Cook International Markets (TCIM), following which it has gained control of 54.42 per cent in the Indian company.
As on December 2007, TCIM held 54.42 per cent stake in Thomas Cook India, while Dubai Financial Group owned 7.36 per cent as the two promoters ...