Business Update1 Aug 2024, 12:21 am
THOMAS COOK (INDIA) LTD. to Invest INR 2.5 Crore in Subsidiary, Indian Horizon Marketing Services Limited
AI Summary
THOMAS COOK (INDIA) LTD. has approved further investment in its wholly owned subsidiary, Indian Horizon Marketing Services Limited, up to an aggregate value of INR 2,50,00,000. The investment will be made in one or more tranches by subscribing to the rights issue or further issue of capital. The decision was made at a Board meeting on the even date, with the objective of general corporate purposes for the subsidiary. The entire process is expected to be completed in 12 months.
Key Highlights
- THOMAS COOK (INDIA) LTD. to invest INR 2.5 Crore in its subsidiary, Indian Horizon Marketing Services Limited
- Investment to be made in one or more tranches by subscribing to the rights issue or further issue of capital
- The investment is aimed at general corporate purposes for the subsidiary
- The entire process is expected to be completed in 12 months
- The decision was made at a Board meeting on the even date