Thomas Cook (India) Limited has informed the Exchange regarding a press release dated May 19, 2025, titled "Thomas Cook India expands its Foreign Exchange distribution in Bengaluru Increases retail presence with strategically located store in Sahakara Nagar".
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Thomas Cook (India) Limited has opened a new Foreign Exchange outlet in Sahakara Nagar, Bengaluru, expanding its retail presence in the city to 9 forex outlets and 12 across Karnataka. The new store is strategically located near Kempegowda International Airport and targets students, families, working professionals and business travellers in nearby areas like Hebbal, Yelahanka and R.K. Hegde Nagar. Launch offers include zero charges on overseas remittances, a free international SIM and a ₹500 Uber voucher with prepaid card purchases. The outlet offers prepaid travel cards (in partnership with Mastercard and Visa), overseas education forex services, 26 global currencies and remittances to over 120 countries. Thomas Cook Forex currently serves over 1 million customers annually through 125+ stores across 69 Indian cities.
This is a routine retail network expansion that strengthens Thomas Cook's forex distribution in a high-growth Bengaluru market, potentially adding to incremental forex revenue. However, a single store opening is not material enough to move the stock price meaningfully and should be viewed as a positive but minor business development.