What was the cooks circular note introduced by thomas cook?
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Midland Bank Ltd., a major British Bank quoted on the U.K. Stock Exchange, acquired a majority shareholding interest in Thomas Cook Group and the remaining shares in 1977 making it a wholly owned subsidiary with a public issued in 1982, its shareholding was diluted.
1978
- The Company was incorporated on 21st October, under the name Thomas Cook (India) Private Ltd. It was converted into a public limited company on 12th March, 1979. The Company is authorised dealers in foreign exchange, travel agents, tour operators and freight operators.
- Thomas Cook was the first organised travel agent in the world and he also invested in travel business. He commenced business in the United Kingdom in 1841.
- Thomas Cook also introduced travellers cheques which were originally called circular notes. It also a large trader in the buying and selling of foreign currency bank notes. - The consideration for the transfer of business was discharged in the following manner - (i) Allotment of 2,79,993 No. of equity shares of Rs 10 each at par without payment in cash amounting to Rs 27,99,930 and (ii) Interest free loan repayable in five equal annual instalments amounting to Rs 30,99,485.
1978
- The Company was incorporated on 21st October, under the name Thomas Cook (India) Private Ltd. It was converted into a public limited company on 12th March, 1979. The Company is authorised dealers in foreign exchange, travel agents, tour operators and freight operators.
- Thomas Cook was the first organised travel agent in the world and he also invested in travel business. He commenced business in the United Kingdom in 1841.
- Thomas Cook also introduced travellers cheques which were originally called circular notes. It also a large trader in the buying and selling of foreign currency bank notes. - The consideration for the transfer of business was discharged in the following manner - (i) Allotment of 2,79,993 No. of equity shares of Rs 10 each at par without payment in cash amounting to Rs 27,99,930 and (ii) Interest free loan repayable in five equal annual instalments amounting to Rs 30,99,485.
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