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Our Bureau

Mumbai , Dec. 28

Travel Corporation India (TCI) has reconstituted its board of directors, according to a statement issued to the Bombay Stock Exchange by Thomas Cook India Ltd on Thursday.

Mr Hoshang Billimoria, who is on the board as a nominee of the company, was inducted as Chairman, the statement said. In addition, Mr Jehangir Katgara and Mr Pradip Madhavji will function as independent directors while Mr Madhavan Menon (Managing Director of Thomas Cook) will function as a non-executive director and a nominee of the company.

"I see a lot of promise in the combined strength of these two companies," Mr Billimoria said in the statement. "Both are very strong brands and enjoy great synergies. I am confident that the stakeholders would stand to benefit with the new changes," he said.

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