Business: Thomas Cook announced to sell Indian subsidiary Thomas Cook India Limited

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posted by neha8m 104 days ago
On 8th February 2012, Thomas Cook, the global travel major announced that it is in the process of selling its 77.1 per cent stake in its Indian subsidiary and had received several proposals. Thomas Cook India (TCIL) has been doing business in the country for 130 years since 1881 and has given fairly strong performance in recent times compared to the group's businesses elsewhere.
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