Thomas Cook (India), the integrated travel and travel related financial services company, has announced the completion of acquisition of 100% shareholding of Kuoni Travel (China) from the Kuoni Group.
Madhavan Menon, managing director of Thomas Cook (India) said, ''We have completed the closure process for the acquisition of Kuoni Travel China. The acquisition of Kuoni Hong Kong - ably led by Maria Ng, represents an important milestone for Thomas Cook India Group, as it facilitates our entry into Asia, including China, the fastest growing travel market in the world.''
Shares of the company declined Rs 0.95, or 0.46%, to trade at Rs 207.30. The total volume of shares traded was 2,670 at the BSE (2.02 p.m., Tuesday).