Tata Capital, the financial arm of the Tata Group, is in race for a buyout of Thomas Cook India, according to reports.
Reports stated that Private equity investors Kohlberg Kravis Roberts, Carlyle, and Travelex are among the known bidders.
Thomas Cook Group PLC is in the process of selling its 77.1% shareholding in Thomas Cook (India) Ltd (TCIL), says report.
Earlier Madhavan Menon, Managing Director of Thomas Cook (India) Ltd reportedly said that the India unit would not be broken down and sold.