Thomas Cook acquires 51% stake in Dubai based Digiphoto

  • India Ltd. becomes a majority stake holder in the Dubai based Digiphoto Entertainment Imaging (DEI).
  • The Indian travel services has acquired 51% stake in the Digiphoto at a value $41 million, or ₹289 crore.
  • In 2014, Indo-Canadian investor Prem Watsa acquired Thomas Cook India limited in a $2 billion deal, since then travel company is aggressively indulging into mergers and acquisitions.

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