Thomas Cook India up 10% on stake sale news

Shares in Thomas Cook (India) Ltd rose as much as 16 percent in early trade on Thursday, a day after its UK-based parent Thomas Cook Group Plc said it will look to sell its stake in the Indian travel operator.

FP Archives|Dec 20, 2014, 16:51:45 IST

Shares in the company rose their maximum daily limit of 20 percent on Wednesday after the announcement.

[caption id="attachment_208076" align="alignleft" width="380" caption="India's Mercury Travels, Cox & Kings , Chinese firm HNA and foreign exchange group Travelex could be interested in Thomas Cook's Indian business. Reuters"][/caption]

India's Mercury Travels, Cox & Kings , Chinese firm HNA and foreign exchange group Travelex could be interested in Thomas Cook's Indian business, the Economic Times newspaper reported last month.

The shares were up 10 percent at Rs 59.80 at 9:16 a.m. (0346 GMT). The overall market was down 0.2 percent.

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