Investment27 March 2026 at 03:51 pm
Thomas Cook (India) Ltd Invests INR 2.5 Crore in Indian Horizon Marketing Services Ltd
AI Summary
Thomas Cook (India) Ltd has authorized a subscription to 25,00,000 Class A Equity Shares of Rs. 10/- each in Indian Horizon Marketing Services Limited (IHMSL) for further investment. The Company had invested INR 2,50,00,000 (Two Crore fifty lakh Only) i.e. subscription amount of Rs.10/- (Ten) per Equity Share as further investments by way of subscribing to preferential offer of IHMSL. The investment will be used for the purposes of co-developing the Travel AI Platform. The allotment shall be made by April 8, 2026.
Key Highlights
- Thomas Cook (India) Ltd invests INR 2.5 Crore in Indian Horizon Marketing Services Limited
- Investment will be used for co-developing the Travel AI Platform
- Allotment of shares to be made by April 8, 2026
- IHMSL is a Joint Venture of the Company and Atirath Technologies Private Limited in India
- IHMSL was incorporated on December 26, 1989 and the turnover of the Company for past three financial years was NIL