Thomas Cook India (TCIL), one of India’s largest integrated travel and travel related financial services company, has allotted about 3.43 crore equity shares of Re 1 each by way of an Institutional Placement Programme (IPP) for reducing the promoters stake in the company, in order to achieve the minimum level of public shareholding at 25%.
Post the issue and allotment of equity shares under the IPP, the promoter, Fairbridge Capital (Mauritius) shareholding in Thomas Cook (India) will stand reduced to 75% from 87.1%. The clearing price of the share issue was fixed at Rs 53.50 a share.
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.
