Joint Venture6 Nov 2024, 11:26 pm
Thomas Cook (India) Ltd. Invests in Indian Horizon Marketing Services Ltd. Through Private Placement
AI Summary
Thomas Cook (India) Ltd. (TCIL) has authorized a subscription to a preferential offer of equity shares and Class A Equity Shares in Indian Horizon Marketing Services Ltd. (IHMSL) on a private placement basis. This investment will result in TCIL and Atirath Technologies Private Limited each holding 50% control in IHMSL. The total investment amounts to Rs. 66,00,000 for Equity Shares and Rs. 1,46,00,000 for Class A Equity Shares.
Key Highlights
- Thomas Cook (India) Ltd. is investing in Indian Horizon Marketing Services Ltd. through private placement.
- The investment will result in TCIL and Atirath Technologies Private Limited each holding 50% control in IHMSL.
- The total investment amounts to Rs. 66,00,000 for Equity Shares and Rs. 1,46,00,000 for Class A Equity Shares.
- IHMSL was a wholly owned subsidiary of TCIL in India before the investment.
- The allotment is expected to be made by 20th November, 2024.