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What is Thomas Cook Announces Merger With Sterling Holidays about?

Thomas Cook (India) Ltd. and Sterling Holiday Resorts (India) Ltd. have announced a merger aimed at leveraging synergies in the domestic and inbound travel sectors, with an estimated combined value of approximately Rs. 3000 Cr. Post-merger, Sterling will operate independently under the leadership of Ramesh Ramanathan. The merger is expected to close by the fourth quarter of 2014, subject to regulatory approvals.

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aparajitaexclusive

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