Deals20 Mar 2026, 07:41 pm
Thomas Cook (India) Ltd. Approves Composite Scheme of Arrangement
AI Summary
Thomas Cook (India) Ltd. has announced a Composite Scheme of Arrangement involving a demerger, consolidation of share capital, merger by absorption, and reduction of share capital. The scheme aims to demerge the Demerged Undertaking into Sterling Holiday Resorts Limited, consolidate four equity shares into one, merge TCVSL, JTSL, and BTSL with TCIL, and reduce the face value of paid-up equity shares from INR 4 to INR 3. The scheme is subject to approvals from shareholders, creditors, NCLT, SEBI, Stock Exchanges, and other regulatory authorities.
Key Highlights
- Thomas Cook (India) Ltd. approved a Composite Scheme of Arrangement
- The scheme involves a demerger, consolidation of share capital, merger by absorption, and reduction of share capital
- The Demerged Undertaking will be demerged into Sterling Holiday Resorts Limited
- Four equity shares will be consolidated into one
- TCVSL, JTSL, and BTSL will be merged with TCIL and subsequently dissolved