Deals20 Mar 2026, 09:21 pm
Thomas Cook (India) Ltd Approves Composite Scheme of Arrangement
AI Summary
Thomas Cook (India) Ltd has announced the approval of a Composite Scheme of Arrangement by the Board of Directors of Sterling Holiday Resorts Limited, a wholly owned material subsidiary. The scheme involves Thomas Cook (India) Limited, Sterling Holiday Resorts Limited, TC Visa Services (India) Limited, Jardin Travel Solutions Limited, and Borderless Travel Services Limited, as well as their respective shareholders. The decision was made at a Board of Directors meeting held on March 20, 2026.
Key Highlights
- Thomas Cook (India) Ltd approves Composite Scheme of Arrangement with Sterling Holiday Resorts Limited and other subsidiaries.
- The scheme involves Thomas Cook (India) Limited, Sterling Holiday Resorts Limited, TC Visa Services (India) Limited, Jardin Travel Solutions Limited, and Borderless Travel Services Limited.
- The approval was given at a Board of Directors meeting held on March 20, 2026.
- Sterling Holiday Resorts Limited is a wholly owned material subsidiary of Thomas Cook (India) Limited.
- The scheme is in compliance with the SEBI Listing Regulations.