Acquisitions8 Nov 2024, 08:40 pm
Thomas Cook (India) Ltd. Makes Further Investments in Indian Horizon Marketing Services Limited
AI Summary
Thomas Cook (India) Ltd. has made further investments in Indian Horizon Marketing Services Limited (IHMSL) by subscribing to a preferential offer of 6,60,000 Equity Shares of Rs. 10/- each and 14,60,000 Class A Equity Shares of Rs. 10/- each on a private placement basis. The company has paid Rs. 16,50,000 for the Equity Shares and Rs. 36,50,000 for the Class A Equity Shares, and has been allotted these shares at par. This investment is in line with the company's strategy to strengthen its joint venture companies.
Key Highlights
- Thomas Cook (India) Ltd. has made further investments in Indian Horizon Marketing Services Limited (IHMSL).
- The investment is in the form of a preferential offer of 6,60,000 Equity Shares and 14,60,000 Class A Equity Shares.
- The company has paid Rs. 16,50,000 for the Equity Shares and Rs. 36,50,000 for the Class A Equity Shares.
- The shares have been allotted at par.
- This investment is a part of the company's strategy to strengthen its joint venture companies.