Thomas Cook (India) said its subsidiary IKYA Human Capital Solutions has proposed the merger of the latter’s subsidiaries Magna Infotech, Avon Facility Management Services and Hofincons Infotech & Industrial Services with itself.
IKYA has informed the parent company that the board of its subsidiaries had approved the merger scheme.
In a communication to the stock exchange, Thomas Cook (India) said IKYA would like to integrate and consolidate its subsidiaries to streamline its business in India.