Thomas Cook (India) today said its board has approved corporate restructuring, subject to regulatory approvals, through composite scheme of arrangement and amalgamation, aimed at streamlining its businesses into four key verticals.
The verticals include, travel (outbound, domestic, business travel and MICE), foreign exchange, destination management services and portfolio investments such as Sterling Holiday Resorts, the company said in a release issued here.
The restructuring also involves the consolidating of the human resource services business into Quess Corp.
Pursuant to the composite scheme, Thomas Cook (India) (TCIL) shareholders will receive 1,889 equity shares of Quess of Rs 10 each, for every 10,000 equity shar…
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