Thomas Cook to take off sharply?

Thomas Cook India will see heightened activity this week. Its parent Thomas Cook group Plc on Saturday said it had received a “good level” of expressions of interest for the Indian business. Thomas Cook Group Plc is in the process of selling its 77.1 per cent shareholding in Thomas Cook (India) Ltd (TCIL). “Having received a good level of expressions of interest for our Indian business, we have begun the next stage of the process with a number of interested parties which involves due diligence and management presentations,” said Thomas Group Plc on its Web site. According to earlier reports private equity investors Kohlberg Kravis Roberts (KKR), Carlyle, and Travelex are among the strong contenders. –