Thomas Cook India's arm, Quess Corp's wholly owned subsidiary, Quesscorp Holdings, has entered into definitive agreement to acquire 51% shareholding in Comtel Pro, a private limited company incorporated under the laws of Singapore. Comtel Pro is engaged in the business of providing service inter alia, in the field of general staffing, training and skill development to clients in Singapore.

Besides, Quess Corp has signed the definitive agreements to acquire 46% equity in Heptagon Technologies. The acquisition will be on cash consideration and total investment is Rs 97.7 million for acquiring 46% stake.

Shares of the company declined Rs 4.85, or 2.11%, to trade at  Rs 225.15.  The total volume of shares traded  was  41,076 at the BSE (12.57 p.m., Tuesday).