Home Finance Finance. By Joseph Rai. Photo Credit: Thinkstock. TC Travel and Services Ltd. Leave Your Comment s. Top Stories Editor's Pick Consumer. Ex-Xiaomi exec joins Unacademy as chief business officer to lead offline ops. Former BharatPe chief Grover looks to raise funds for new business, sources say. First-time crypto investors face a reckoning as bears seize tight control. Younger VC-backed startups look to hire skilled talent laid off by other firms.
In edtech vs coaching cos, teachers win. What CEOs should do when Web3 meets metaverse. Adding forex services to its bouquet will be a relatively new area for Tata Capital, which presently offers a number of travel related services.
One source said, Tata Capital could be paying upfront cash of Rs crore if discussions succeed. While the size of this business TT Forex could not be immediately ascertained, it clearly constitutes a small component of the group turnover. An industry tracker said, typically such diversified groups constantly look at restructuring their porfolio of businesses and divest some of the fringe and non-core assets.
TT Forex offers services like travelers cheques, money transfer, travel currency card and foreign exchange against credit card amongst others. Emails sent and calls made to TTK Group officials did not elicit a response till the time of publication of this article. Tata Capital has been expanding its service bouquet and entering new areas as it aims to become a financial services conglomerate.
The firm acquired the travel ticketing business of Inditravel Private Limited in December
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