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The board of Thomas Cook India has approved acquisition of a 24 per cent strategic stake in TravelJunkie Solutions Private Limited, a Mumbai-based travel tech start-up, via its wholly-owned subsidiary TC Tours. TravelJunkie Solutions-developed Ithaka - a chat-based mobile application serving FIT (Free Individual Traveller) customers by recommending authentic local experiences for different destinations and helping plan their trip and book activities, hotels and flights. The company, however, did not disclose the cost of acquisition. Shares of Thomas Cook slumped 4 per cent at ₹205.20 on the BSE.
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