Shares of Thomas Cook climbs over 2% to Rs 148 on the BSE after Sterling Holiday Resorts India Ltd became a subsidiary of Thomas Cook India Group in the back of the former's equity shares being bought in an off-market transaction by Thomas Cook Insurance Services (TCISIL).
According to the company's announcement, on September 3 and September 5 Thomas Cook Insurance Services purchased 11,863,334 paid-up equity shares of Sterling Holiday Resorts at Rs 98 a share in an off-market transaction. Following the transaction TCISIL now holds 53.48%.
TCISIL, is a wholly owned subsidiary of Thomas Cook (India) Ltd. TCIL's another subsidiary Travel Corporation (India) Ltd owns around 1.67% in SHRIL. The Thomas Cook India group now holds around 55.14% in SHRIL.
The stock opened at Rs 147.70, touched a high of Rs 148 and a low of Rs 146 on the BSE. A total of 22,718 shares have been exchanged on the BSE so far.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%