Thomas Cook India acquires Sri Lanka-based Luxe Asia

Updated on Jul 30, 2015 10:49 PM IST
Travel company Thomas Cook India has acquired Sri Lanka-based destination management firm, Luxe Asia, for an undisclosed sum.
PTI | By, New Delhi

Travel company Thomas Cook India has acquired Sri Lanka-based destination management firm, Luxe Asia, for an undisclosed sum.

The buyout has been done through its wholly-owned subsidiary, Thomas Cook Lanka Pvt Ltd, and post acquisition Luxe Asia will be operated as an independent entity, Thomas Cook India said.

"Our acquisition of Luxe Asia reiterates delivery of our strategic intent of establishing a global destination management presence. Luxe Asia will continue to focus on its core domain of inbound tourism across key global source markets," Thomas Cook India managing director Madhavan Menon said.

Shares of Thomas Cook India on Thursday closed at Rs 227 per scrip on BSE, up 1.07% from its previous close.

SHARE THIS ARTICLE ON
Close Story
SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, August 17, 2022
Start 15 Days Free Trial Subscribe Now