August 3, 2006
The media had reports that Thomas Cook (India) Ltd is in talks to buy Travel Corporation India Ltd in a deal estimated to be worth around Rs 200 Cr.
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, "Thomas Cook (India) Limited does 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 being acquisition of travel and travel related companies. As and when any fructification takes place, we shall keep you informed."
Source: National Stock Exchange of India Limited
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