Thomas Cook India is seeking to sell its foreign exchange (FX) business to London-based Travelex Group in India, Financial Express reports. The travel and tour operator is now conducting a due diligence on Thomas Cook’s financial services business.

The business maybe sold on a slump-sale basis. Operating in India since 1881, Thomas Cook India is the country’s biggest FX and second-largest travel operator. The company’s FX operations offer an array of FX products and services to numerous customer segments in India, Sri Lanka and Mauritius.

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