Tour operator Thomas Cook has received at least eight bids, including from private equity firms Kohlberg Kravis Roberts and Carlyle Group, for buying the company's stake in its Indian unit.
The British company last month said it planned to sell its 77% holding in Thomas Cook (India) to help bring down its debt.
UK-based Travelex along with Muthoot Finance, China's HNA Group and Bravia Capital of Hong Kong have also submitted proposals for the holding, the Indian newspaper said.
Others in the race to acquire the Indian unit, which has a market value of $264.3 million, include Everstone Capital, TA Associates and Actis, it said.
A final decision on the bids will be taken by July-August after a two-stage selection process, the paper said, citing an unnamed company official.
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The British company last month said it planned to sell its 77% holding in Thomas Cook (India) to help bring down its debt.
UK-based Travelex along with Muthoot Finance, China's HNA Group and Bravia Capital of Hong Kong have also submitted proposals for the holding, the Indian newspaper said.
Others in the race to acquire the Indian unit, which has a market value of $264.3 million, include Everstone Capital, TA Associates and Actis, it said.
A final decision on the bids will be taken by July-August after a two-stage selection process, the paper said, citing an unnamed company official.
....more info