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Travel Food Services Limited ( (IN:TRAVELFOOD) ) has issued an announcement.
Travel Food Services Limited has announced an update regarding an ongoing investigation by the Central Bureau of Investigation (CBI) into alleged irregularities in tender processes for master concessionaire contracts at Chennai and Kolkata airports during 2012-2013. The investigation has named two of the company’s erstwhile subsidiaries, which have since been merged into the company, as involved parties. This development could have implications for the company’s operations and its standing in the industry.
More about Travel Food Services Limited
Travel Food Services Limited operates in the food and beverage industry, focusing on providing master concessionaire contracts for airport food and beverage services. The company has a market focus on major airports, including those in Chennai and Kolkata.
Average Trading Volume: 9,087
Technical Sentiment Signal: Strong Buy
See more insights into TRAVELFOOD stock on TipRanks’ Stock Analysis page.