Thomas Cook India arm Quess Corp to acquire 49% stake in TSQ

The company, however, did not specify the amount for which Quess Corp will pick the stake in the company

Press Trust of India New Delhi
Last Updated : Jun 01 2015 | 6:28 PM IST
Travel services provider Thomas Cook India's subsidiary Quess Corp today entered into a pact with Qatar-based Transfield Services (Qatar) WLL to acquire 49 per cent stake for an undisclosed amount.

"Post successful completion of the acquisition, Transfield Services (Qatar), primarily operating in the oil and gas market in the State of Qatar, will be the local entity vehicle for the industrial asset management division (Hofincons) of Quess," Thomas Cook India said in a filing to the BSE.

The company, however, did not specify the amount for which Quess Corp will pick the stake in the company.

Also Read

Thomas Cook India's footprint currently extends to over 234 locations (including 23 airport counters) in 96 cities across Mauritius, India and Sri Lanka.

Shares of Thomas Cook India Ltd today ended at Rs 242.95 per scrip on the BSE, down 2.98 per cent from the previous close.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 01 2015 | 3:56 PM IST

Next Story