News about Thomas Cook (India) Limited - National Stock Exchange of India Limited

November 14, 2006

The media had reports that Thomas Cook (India) Ltd is in advanced stage of negotiations to buy Travel Corporation India.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Thomas Cook (India) Ltd has vide its letter inter-alia stated, "We do not confirm the news. However, the Company has been over the years evaluating various options to strengthen its core activities by increasing market share. One of such option would be by acquiring a travel and travel related Company. As and when any fructification takes place, we shall keep the Exchange informed."

Source: National Stock Exchange of India Limited

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