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Thomas Cook completes corporate restructuring

Thomas Cook’s (India) corporate restructuring process has been completed after receiving approvals from the NCLT Mumbai and Bengaluru. The Composite Scheme of Arrangement and Amalgamation amongst TC Forex Services and Travel Corporation (India) and TC Travel Services and SOTC Travel Management and Thomas Cook (India) and Quess Corp and their respective shareholders has become effective from November 25, 2019.

With this restructuring, the company is confident that the new simplified group structure will further enable both Thomas Cook India and Quess to grow independently and consolidate their positions in their segments with far greater clarity of focus from an industry and growth and opportunity point of view for investors, management and teams.

Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.

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