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Thomas Cook acquires majority shareholding in Sterling Holiday Resorts

09 Sep 2014 Evaluate

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.

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) Share Price

110.94 1.63 (1.49%)
17-Apr-2026 16:59 View Price Chart
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