Thomas Cook (India) Limited — JV/Acquisition, 20-03-2026: Amalgamation/Merger

Thomas Cook India (TCIL) announced a major restructuring: it is spinning off its Resorts & Resort Management business into Sterling Holiday Resorts (SHRL) to unlock value for shareholders and facilitate SHRL's future listing. TCIL shareholders will receive 81 SHRL shares (FV Rs.10) for every 100 TCIL shares (FV Re.1). The demerged business had a turnover of INR 70 Cr.

TCIL will also streamline its capital structure by consolidating 4 shares of Re.1 into 1 share of Rs.4, then reducing the face value to Rs.3, aiming for improved Earnings Per Share. Additionally, three dormant subsidiaries will merge into TCIL to reduce administrative costs. This plan, subject to necessary approvals, targets enhanced efficiency and shareholder benefits. Share consolidation is expected within 15-18 months.