Home / Companies / News / Thomas Cook okays corp revamp, shareholders to get shares in HR firm Quess

Thomas Cook okays corp revamp, shareholders to get shares in HR firm Quess

Thomas Cook, which bought 49% in Ikya (now Quess) in 2013, got it listed in 2016, will cease to be its promoter; new Quess shares go to Thomas Cook shareholders

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Thomas Cook

Last Updated : Apr 23 2018 | 9:50 PM IST

Thomas Cook shareholders will receive shares in human resources firm Quess as a part of corporate restructuring exercise to streamline its business. The board of Thomas Cook approved the scheme of amalgamation and arrangement of its human resources and inbound travel business today.

Thomas Cook acquired 49 per cent in Ikya (now known as Quess) in 2013 and got it listed on the stock exchange in 2016. Pursuant to the restructuring, Thomas Cook shareholders will receive 1,889 equity shares of Quess for every 10,000 equity shares of Thomas Cook.

The restructuring exercise has been done to simplify business structure and secure better

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