Thomas Cook gains as its arm enters into strategic joint venture with New World Travel
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Thomas Cook (India) is currently trading at Rs. 75.10, up by 0.70 points or 0.94% from its previous closing of Rs. 75.35 on the BSE.
The scrip opened at Rs. 75.40 and has touched a high and low of Rs. 75.85 and Rs. 74.40 respectively. So far 2788 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 91.35 on 13-Apr-2022 and a 52 week low of Rs. 54.00 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 77.10 and Rs. 73.35 respectively. The current market cap of the company is Rs. 3499.63 crore.
The promoters holding in the company stood at 72.34%, while Institutions and Non-Institutions held 9.48% and 18.19% respectively.
Thomas Cook (India)’s North American subsidiary -- AlliedTPro has entered into a strategic joint venture with New World Travel Inc. The new JV company, Allied New World, headquartered in New York, has been set up to leverage the strengths of both companies to drive productivity and accelerate growth in the post pandemic era.
The joint venture will enhance growth opportunities for both companies by combining scale and leveraging technology to improve productivity and reduce the cost of operation. Allied New World will combine the strengths of both companies across key functions, including contracting, technology, IT, finance, human resources and data management.
Thomas Cook (India) is India’s leading integrated travel services company.
