<article>Travel services firm <a href="https://www.dealstreetasia.com/?s=Thomas Cook (India) Ltd" target="_blank" rel="noopener">Thomas Cook (India) Ltd</a> on Monday said its board has agreed to acquire two units of <a href="https://www.dealstreetasia.com/?s=Tata Capital Financial Services Ltd" target="_blank" rel="noopener">Tata Capital Financial Services Ltd</a>.</article>

Travel services firm <a href="https://www.dealstreetasia.com/?s=Thomas Cook (India) Ltd" target="_blank" rel="noopener">Thomas Cook (India) Ltd</a> on Monday said its board has agreed to acquire two units of <a href="https://www.dealstreetasia.com/?s=Tata Capital Financial Services Ltd" target="_blank" rel="noopener">Tata Capital Financial Services Ltd</a>.
The two subsidiaries are <a href="https://www.dealstreetasia.com/?s=Tata Capital Forex Ltd" target="_blank" rel="noopener">Tata Capital Forex Ltd</a>, which provides services related to foreign exchange, and <a href="https://www.dealstreetasia.com/?s=TC Travel and Services Ltd" target="_blank" rel="noopener">TC Travel and Services Ltd</a>, which provides travel services.
Established in 2007, Tata Capital is a unit of Tata Sons Ltd. Its offers consumer finance, advisory services, commercial finance, infrastructure finance, investment banking, private equity advisory and credit card distribution. The two companies together operate in 24 locations across India.
“Our acquisition of Tata Capital’s forex and travel companies serves to further strengthen the Thomas Cook India Group’s leadership position in the travel and foreign exchange sector in the country. This also gives us the opportunity to continue to serve the strong corporate portfolio of both Tata Capital Forex Ltd and TC Travel Services Ltd, which include large corporate houses as well as set of new retail customers.
“The acquisition creates clear opportunities, including a significant increase in scale and network reach, volume/buying advantages as well as technology gains, all resulting in stronger customer service and stakeholder value,” said Madhavan Menon, chairman and managing director of Thomas Cook (India) Ltd.
Thomas Cook is an integrated travel and travel-related financial services company and offers services on foreign exchange, corporate travel, leisure travel, insurance, visa and passport services and e-business. The firm set up its first office in India in 1881.
Tata Capital’s range of offerings includes consumer finance, advisory services, commercial finance, infrastructure finance, investment banking, private equity advisory and credit card distribution.
Also Read:
<a href="https://www.dealstreetasia.com/stories/india-thomas-cook-ifci-stake-tourism-finance-81642/" target="_blank" rel="noopener">India: Thomas Cook in race to acquire IFCI’s stake in Tourism Finance Corp</a>
<a href="https://www.dealstreetasia.com/stories/embargoed-9am-sgt-sept-21india-online-travel-company-yatra-rises-15-5m-funding-innoven-capital-82706/" target="_blank" rel="noopener">India: Online travel company Yatra raises $15.5m from Innoven Capital</a>
<h4>This article was first published on <a href="http://www.livemint.com/Companies/GWTG9HmHZDWRrc0kK4iTCP/Thomas-Cook-to-acquire-Tata-Capital-Forex.html" target="_blank" rel="noopener">Livemint.com</a></h4>
&nbsp;

Travel services firm Thomas Cook (India) Ltd on Monday said its board has agreed to acquire two units of Tata Capital Financial Services Ltd.

India: Thomas Cook to acquire forex, travel units of Tata Capital

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

India: Thomas Cook to acquire forex, travel units of Tata Capital

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief