Thomas Cook cooks

Kakkar will, however, continue to offer his services to Thomas Cook India as Advisor to the board for at least six months.

The other directors who have been inducted are Jacquiline Gorski, Abdulhakeem Kamkar, AV Rajwade and Dilip De. This change of the board follows the completion of the acquisition of Thomas Cook International Markets Ltd, UK, by Dubai Financial LLC.

It may be recalled that on December 21, 2005, Dubai Financial agreed to acquire 100 per cent of Thomas Cook International Markets Ltd, UK, and accordingly an open offer was launched. The transaction has now achieved completion.

Dubai Financial LLC is a 100 subsidiary of Dubai Investment Group, the global investment arm of Dubai Holding. 8216;8216;I am sure that the growth pattern will continue and the change in ownership and shareholding pattern augurs well for the future of the company,8217;8217; said Kakkar.

Bose had this to say: 8216;8216;With the Government8217;s thrust on travel and tourism8230;It would be exciting to work with a highly motivated team.8217;8217;

Thomas Cook has been present in India for 124 years and operates a total of 60 offices, generating a turnover of Rs 130 crore in 2003-04.