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Thomas Cook (India) Limited ( (IN:THOMASCOOK) ) has issued an announcement.
Thomas Cook (India) Limited has approved a supplemental agreement to its Share Subscription cum Joint Venture Agreement with Atirath Technologies Private Limited to invest in Indian Horizon Marketing Services Limited, the joint venture vehicle. The fresh subscription will be used to co-develop a Travel AI Platform for the Indian market, with Thomas Cook India and Atirath maintaining an equal 50:50 shareholding and joint decision-making rights, underscoring the company’s push into AI-driven travel solutions and strengthening its technology positioning in the domestic travel sector.
More about Thomas Cook (India) Limited
Thomas Cook (India) Limited is a diversified travel and related financial services company operating in the Indian market. Its activities span travel and tourism solutions and allied services, with a strategic focus on leveraging technology partnerships to enhance its offerings for domestic customers.
Average Trading Volume: 36,795
Technical Sentiment Signal: Sell
Current Market Cap: 44B INR
For an in-depth examination of THOMASCOOK stock, go to TipRanks’ Overview page.