Thomas Cook Lanka Pvt. Ltd. has entered into a share purchase agreement (SPA) for acquiring 24 per cent stake in Sita World Travel Lanka Pvt Ltd.
The company in a communication to BSE said that “Thomas Cook Lanka (Private) Limited, a wholly owned subsidiary of Thomas Cook (India) Limited, has entered into a Share Purchase Agreement (SPA) for the purpose of acquiring 24 per cent (twenty four percent) of the issued, subscribed and paid up share capital of Sita World Travel Lanka Pvt ltd. by way of purchase from the minority promoters.
The balance 76 per cent is held by SOTC Travel Service Pvt. Ltd. which is a subsidiary of Thomas Cook (India) Ltd. and Travel Corporation of (India) Ltd.No financial details are available..Sita World Travel was incorporated in 1997 to promote leisure travel to Sri Lanka.
