BCCL acquires stake in Ace Tours

MUMBAI: Bennett, Coleman & Co Ltd (BCCL) has picked up a stake in Ace Tours Worldwide, a Surat-based tour and travel agency.

Ace, which was launched in 1996, has branches in Mumbai, Ahmedabad, Rajkot and the UK. The company aims to expand its network both nationally and internationally by setting up offices in the US and UAE.

Ace offers various services such as inbound and outbound tours, MICE (meetings, incentives, conferencing and exhibitions), air bookings, hotel booking, cruise and foreign currency exchange.

The company plans to grow organically and through acquisitions, said Ace MD Raju Choksi.