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The amalgamation will be subject to the approval of regulatory authorities. Both the companies will appoint N. The board of directors of both TCIL and LKP Forex met in Mumbai today and have given their in principle approval for the proposal to amalgamate the two companies. Udayan Bose, Chairman Thomas Cook India said "It has been our endeavor to grow in the fields of our expertise. Foreign exchange is clearly an important part of our business and the proposed merger is a part of our growth plans in India, with the aim to maximize shareholder value and strengthen our leadership position".
Commenting on the proposed vorex Mr. Madhavan Menon, Managing Director, Thomas Cook India said, "Thomas Cook is the leader in the business and the proposed merger with the already proven and established network of LKP Forex would further enhance the efficiency of operations at TCIL". Mahendra Doshi, Mmumbai, LKP Merchant Financing Ltd. Fforex proposed merger of LKP Forex with Thomas Cook would enable the merged entity to further boost the business".
The proposed merger would substantially enhance TCIL's retail presence across the geography of the country. Thomas Cook India offers a broad spectrum of leisure travel-related services such as package tours, currency exchange and travel insurance as well as hotel and flight reservations. Moreover, Thomas Cook India has operations in Sri Lanka and Mauritius.
LKP Lkp forex ltd mumbai Limited is a subsidiary of LKP Merchant Financing Limited the holding company of LKP Group. For further information contact:. Thomas Cook India Ltd. LKP Forex to merge with Thomas Cook India. Board of both companies approves the merger in principle. Share swap ratio being finalised. About Thomas Cook India:.
LKP FOREX, MUMBAI MAHARASHTRA - Foreign Exchange | Hotfrog INDIA
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LKP Forex to merge with Thomas Cook India. Board of both companies approves the merger in principle Share swap ratio being finalised Mumbai, Friday June 30, 2006.
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