Deals20 Mar 2026, 07:31 pm
Thomas Cook (India) Ltd. Approves Composite Scheme of Arrangement
AI Summary
Thomas Cook (India) Ltd. announced the outcome of its Board Meeting regarding the scheme of arrangement. The scheme involves a demerger of the Demerged Undertaking into Sterling Holiday Resorts Limited, consolidation of equity shares, merger of three subsidiaries, and reduction of share capital. The scheme is subject to approvals from shareholders, creditors, regulatory authorities, and stock exchanges.
Key Highlights
- Thomas Cook (India) Ltd. approved a Composite Scheme of Arrangement
- The scheme involves a demerger, consolidation of equity shares, merger of subsidiaries, and reduction of share capital
- Subject to approvals from shareholders, creditors, regulatory authorities, and stock exchanges
- The scheme aims to streamline the company's operations and improve financial performance