Deals20 Mar 2026, 07:31 pm
Thomas Cook (India) Ltd. Announces Composite Scheme of Arrangement
AI Summary
Thomas Cook (India) Ltd. announced the approval of a Composite Scheme of Arrangement involving demerger, consolidation of share capital, merger, and reduction of share capital. The scheme aims to demerge the resorts and resort management business of the company into Sterling Holiday Resorts Limited. The scheme is subject to approvals from shareholders, creditors, regulatory authorities, and stock exchanges.
Key Highlights
- Approval of Composite Scheme of Arrangement
- Demerger of resorts and resort management business
- Consolidation of share capital
- Merger of TCVSL, JTSL, and BTSL with TCIL
- Reduction of share capital