Thomas Cook (India) dips 12% despite clarification on suspicious transaction

It denied report which said that the MCA was probing Thomas Cook (India) in relation to a 'suspicious' money transaction with a Delhi-based forex trader.

Shares of Thomas Cook India slipped up to 12 per cent to Rs 135 in intra-day deals on the BSE on Tuesday, despite clarifying that the company has not received intimation from the Ministry of Corporate Affairs (MCA) over any 'suspicious’ transaction. The stock was trading close to its 52-week low of Rs 121, touched on August 23, 2019.

Clarifying on the news report, which said that the Ministry of Corporate Affairs (MCA) was probing Thomas Cook (India) in relation to a ‘suspicious’ money transaction with a Delhi-based forex trader, the travel support services company called the report "factually incorrect".