Thomas Cook rises after subsidiary subscribes stake in JV

Thomas Cook (India) rose 1.18% to Rs 235.15 at 9:25 IST on BSE after the company said that its subsidiary successfully subscribed to 49% of equity share capital in joint venture company. The announcement was made after market hours yesterday, 20 June 2017. Meanwhile, the S&P BSE Sensex was down 48.69 points or 0.16% at 31,248.84. The S&P BSE Mid-Cap index was up 7.54 points or 0.05% at 14,852.83. On the BSE, 2,303 shares were traded on the counter so far as against the average daily volumes of 46,542 shares in the past one quarter. The stock had hit a high of Rs 237 and a low of Rs 234.65 so far during the day. Nifty Trading Tips

Thomas Cook (India) said that Travel Corporation (India), wholly owned subsidiary of the company successfully subscribed to 49% of equity share capital of TCI-Go Vacation India Private Limited, a joint venture company with DER Touristik Group, Europe's leading trade and tourism group. On 3 May 2017, Travel Corporation (India) intimated that they have entered into joint venture agreement with DER Touristik Group to form a joint venture company 'TCI Go Vacation India Private Limited' to be operational from Delhi NCR. Future & Option Trading Tips