Thomas Cook rises as its arm signs MoU with Kanoo Travel to establish joint venture in Saudi Arabia
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Thomas Cook (India) is currently trading at Rs. 67.00, up by 0.39 points or 0.59% from its previous closing of Rs. 66.61 on the BSE.
The scrip opened at Rs. 66.71 and has touched a high and low of Rs. 68.83 and Rs. 66.71 respectively. So far 21493 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 87.10 on 12-Dec-2022 and a 52 week low of Rs. 52.45 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 69.34 and Rs. 65.15 respectively. The current market cap of the company is Rs. 3165.19 crore.
The promoters holding in the company stood at 72.34%, while Institutions and Non-Institutions held 9.72% and 17.94% respectively.
Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India and GCC-based travel conglomerate Kanoo Travel have signed a Memorandum of Understanding (MoU) to establish a joint venture in Saudi Arabia at Arabian Travel Market 2023. Desert Adventures is a premium Destination Management Company headquartered in the UAE, operating in the GCC and Jordan.
The collaboration brings together two of the largest and most reputable travel trade organisations in the Middle East, aiming to create the most comprehensive destination services company in the region. The joint venture marks a significant milestone in both companies' history as they combine their expertise, resources, and capabilities to provide travellers with unparalleled travel experiences in Saudi Arabia.
Thomas Cook (India) is India’s leading integrated travel services company.
