Tuesday 9 September 2014

Thomas Cook surges on acquiring majority shareholding in Sterling Holiday Rssorts



BSE Code - 500413
Face Value - Rs 1.00
Group - BSE 'B'
Shareholding pattern - (a)Promoters - 73.19%
                                   (b)Institutions - 13.83%
                                   (c)Non-Institution - 12.98%
One year High-Low - Rs 160.80 - Rs 55.05   
     Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
     Thomas Cook India has acquired majority shareholding in Sterling Holiday Resorts with further acquisition of over one crore shares for Rs 116.26 crore through off-market. Pursuant to a purchase of 11,863,334 paid-up equity shares of Sterling Holiday Resorts (India) at Rs 98 per share in an off-market transaction by Thomas Cook Insurance Services (India), Sterling Holiday Resorts India has become its subsidiary.
     Thomas Cook Insurance Services India (TCISIL) is a wholly-owned subsidiary of Thomas Cook (India). TCISIL now holds approximately 53.48% of Sterling Holiday Resorts India (SHRIL). Another subsidiary of Thomas Cook India, Travel Corporation (India) owns approximately 1.67% of the paid-up equity of SHRIL.
     Thomas Cook India group now holds nearly 55.14% of the paid-up equity share capital of SHRIL.
     Stock is currently trading at Rs 152.20, up by 7.85 points from its previous closing of Rs 144.35 on the BSE.

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