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THOMAS COOK UK ACQUIRES 54 PCT STAKE IN THOMAS COOK INDIA.
MUMBAI, April 1 Asia Pulse - Travel services firm Thomas Cook India (BSE:500413) on Monday said two of its promoters, Dubai Financial Group and TCIM, have exited its board and a 54.42 per cent stake has been acquired in the company by its new promoter Thomas Cook UK.
According to a stock exchange filing here, Thomas Cook UK has acquired 100 per cent shareholding of Thomas Cook International Markets (TCIM), following which it has gained control of 54.42 per cent in the Indian company.
As on December 2007, TCIM held 54.42 per cent stake in Thomas Cook India, while Dubai Financial Group owned 7.36 per cent as the two promoters of the company.
An open offer is currently in progress for acquiring up to 74.9 per cent stake in Thomas Cook India by Thomas Cook UK.
The company also said three of its directors representing Dubai Financial ...
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Source: HighBeam Research, THOMAS COOK UK ACQUIRES 54 PCT STAKE IN THOMAS COOK INDIA.