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Fairbridge Capital to acquire 77% stake in Thomas Cook India for Rs 817.4 crore

22 May 2012 Evaluate

Following an auction process, Thomas Cook Group Plc has reached an agreement to offload its 77% stake in Thomas Cook India to Fairfax Financial Holdings’ subsidiary- Fairbridge Capital (Mauritius). Under the terms of agreement, Thomas Cook will receive gross cash proceeds of Rs 817.4 crore that pegs the purchase price of Rs 50 per share, which represents premium of 11% to the market price.

The group will grant Fairbridge a licence over the Thomas Cook brand for 12.5 years in the countries, in which Thomas Cook operates. However, the transaction is subject to customary conditions, including approval by Thomas Cook's shareholders and Indian regulatory approval. The disposal is a part of the Group’s plans for reducing debts and strengthening its financial position, which combined with the proposed sale and leaseback of certain aircraft and sale of HCV will also deliver substantial additional liquidity.

Fairbridge Capital is an investment company engaged in long-term investments and acquisitions in the Indian region. The company is a wholly owned subsidiary of Fairfax Financial Holdings, which is a financial service holding company.

Thomas Cook (India) Share Price

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