March 20 - Travel firm Thomas Cook (India) Limited said on Friday it would demerge its resorts and resort management business into its unit Sterling Holiday Resorts Limited, paving the way for a
Thomas Cook India Demerges Resorts Business into Sterling Holiday for Listing
Key Details of the Thomas Cook India Demerger
March 20 - Travel firm Thomas Cook (India) Limited said on Friday it would demerge its resorts and resort management business into its unit Sterling Holiday Resorts Limited, paving the way for a future listing of the fully owned subsidiary.
Nature Trails Brand Transfer
- Thomas Cook India, which owns and operates six resorts under its Nature Trails brand, will transfer this business to the unit as part of the scheme.
Demerger Objectives
- The demerger aims to improve earnings per share and enable sharper strategic and operational focus across business verticals, the company said.
Shareholder Impact
Share Exchange Ratio
- Under the scheme, shareholders will receive 0.81 shares of Sterling Holiday Resorts for every share held in Thomas Cook India.
Post-Demerger Shareholding Pattern
- The company will retain its existing stake in the unit, with the shareholding pattern of both entities remaining similar post-demerger.
Listing and Regulatory Approvals
Sterling Holiday Resorts Listing
- Thomas Cook India said shares of Sterling Holiday Resorts will be listed on the BSE and NSE, without providing a timeline.
Regulatory Approvals Required
- The demerger is subject to regulatory approvals, including that of the National Company Law Tribunal.
Reporting and Editorial Credits
(Reporting by Nishit Navin in Bengaluru; Editing by Shreya Biswas)
