Business Companies 15 Feb 2017 Thomas Cook India ar ...

Thomas Cook India arm acquires 64 per cent stake in Comtel Solutions

PTI | DECCAN CHRONICLE
Published Feb 15, 2017, 5:02 pm IST
Updated Feb 15, 2017, 5:04 pm IST
Thomas Cook
 Thomas Cook

New Delhi: Travel services provider Thomas Cook India today said its arm Quess Corp has acquired 64 per cent stake in Singapore-based technology service provider Comtel Solutions Pte Ltd for an undisclosed sum.

"Quess Corp Ltd, a subsidiary of Thomas Cook (India) Ltd, has completed acquisition of 64 per cent equity in Comtel Solutions Pte. Ltd., Singapore on February 14, 2017," the  company said in a filing to BSE.

Thomas Cook India, however, did not provide any financial details on the stake acquisition. Quess Corp is a business services provider operating in four broad segments: Global Technology Solutions, People and Services, Integrated Facilities Management and Industrial Asset Management.

Comtel Solutions Pte Ltd has been in business for over a decade and has expanded across Asia Pacific and several industry verticals. Its divisions work across various sectors and the solutions developed by it cover areas such as banking, high-tech manufacturing, telecommunication, logistics and healthcare industries. Shares of Thomas Cook India today closed at Rs 197.05 per scrip on BSE, up 0.54 per cent from its previous close.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT

More From Companies

-->