This is a typical case of overconfidence and mismanagement by a company
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.
The company was awaiting clarity from the UK and would weigh all factors before taking any decision on acquisition
The tour operator issued a statement on Tuesday in the backdrop of financial crisis faced by rival firm Cox & Kings
Thomas Cook (India) rallied 10% to Rs 266 after the board of directors of the company has given consent to the management to explore the possibility of an internal corporate restructuring exercise