The integration of MFX with IKYA will result in the formation of the Global Technology Services Group (GTS Group) marking IKYA's entry into the IT Services and Solutions space in the North American market, Thomas Cook said in a BSE filing.
"IKYA, a subsidiary of Thomas Cook, entered into a definitive agreement on November 3, 2014 with Fairfax Financial Holdings Ltd to acquire 49 per cent stake in MFXchange Holdings, Inc (MFX), a wholly owned subsidiary of Fairfax," the company said.
"Vikram will be responsible for both strategic and operational aspects of the IT business. He will report to Ajit Isaac, MD and Chairman IKYA Group and will be based out of New Delhi," the company added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%