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

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

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


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