Thomas Cook shines on concluding stake sale of India operations to Fairbridge Capital

14 Aug 2012 Evaluate

Thomas Cook (India) is currently trading at Rs. 61.05, up by 0.25 points or 0.41% from its previous closing of Rs. 60.80 on the BSE.

The scrip opened at Rs. 61.00 and has touched a high and low of Rs. 62.75 and Rs. 60.60 respectively. So far 15387 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 74.90 on 10-Apr-2012 and a 52 week low of Rs. 32.20 on 12-Jan-2012.

Last one week high and low of the scrip stood at Rs. 62.75 and Rs. 59.60 respectively. The current market cap of the company is Rs. 1299.20 crore.

The promoters holding in the company stood at 76.81% while Institutions and Non-Institutions held 2.23% and 20.97% respectively.   

Thomas Cook Group PLC (TCG) has concluded the sale of 76.69% stake in its India operations to Fairbridge Capital (Mauritius) (Fairbridge), a subsidiary of Fairfax Financial Holdings. The deal was approved with 99.99% votes by shareholders at a General Meeting on August 9, 2012.

The shares transfer process was concluded post completion of all shareholder & regulatory requirements. Thomas Cook (India) (TCIL) is an independent entity and has no financial or operational dependencies on TCG.

Fairbridge is an investment company engaged in long-term investments and acquisitions in the Indian region with a focus on long-term capital appreciation through a flexible and value-oriented approach.

Fairbridge is a wholly-owned subsidiary of Fairfax Financial Holdings (Fairfax), a Toronto-based financial services holding company with a global presence in insurance and reinsurance, and a portfolio of assets in excess of $30 billion invested worldwide. Fairfax has almost 20 insurance subsidiaries and joint ventures globally, including several market leading companies such as Odyssey Re (USA), Crum & Forster (USA), First Capital (Singapore), Fairfax Brasil (Brazil), Gulf Insurance (Kuwait) and ICICI Lombard (India).

Thomas Cook (India) Share Price

196.65 7.85 (4.16%)
31-Oct-2024 16:01 View Price Chart
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