Thomas Cook India Ltd updates on sale of Thomas Cook brand

Thomas Cook (India) Limited (TCIL) is the leading travel Company in the country offering a broad spectrum of services including Foreign Exchange, Corporate Travel, MICE & Leisure Travel. TCIL is promoted by Fairfax Financial Holdings Limited, a Canada based business Group, since 2012. Fairfax as on even date holds 63.83% of TCIL's paid up share capital through its subsidiary, Fairbridge Capital (Mauritius) Limited.

TCIL acquired the Thomas Cook brand in perpetuity for the geographies of India, Sri Lanka and Mauritius from the liquidators of the erstwhile Thomas Cook Plc of the UK (the then owners of the brand) in December 2019.

The reports of talks between Fosun with regard to sale of the Thomas Cook brand is unrelated to Thomas Cook (India) Limited. Thomas Cook (India) Limited owns the Thomas Cook brand, in perpetuity, across the geographies of India, Sri Lanka and Mauritius.

Shares of Thomas Cook (India) Limited was last trading in BSE at Rs. 163.10 as compared to the previous close of Rs. 166.00. The total number of shares traded during the day was 118916 in over 1882 trades.

The stock hit an intraday high of Rs. 167.50 and intraday low of 160.55. The net turnover during the day was Rs. 19541554.00.

Source : Equity Bulls

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ThomasCookIndia INE332A01027 BrandName Sale