India News: Fairbridge Capital (Mauritius) Limited (FCML) on Monday said it has completed an offer for sale (OFS) of four crore equity shares of Thomas Cook (Indi
Fairbridge Capital Mauritius Ltd completes OFS of 40 Mn equity shares of Thomas Cook India Ltd equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Fairbridge Capital (Mauritius) Ltd continues to be the majority shareholder and promoter of Thomas Cook (India) Ltd and holds 30 crore shares which is higher than the number of shares it held prior to the funds injected in March 2021 (24.8 crore shares), while increasing the floating stock available to minority shareholders.
Thomas Cook (India) Ltd.'s promoter entity Fairbridge Capital (Mauritius) Ltd. cut 8.5% stake in the company via an offer for sale.
The promoter sold 4 crore equity shares of Thomas Cook, with a face value of Rs 1 each on Nov. 30 and Dec. 1, an exchange filing said.
Post the stake sale, the promoters' stake will be reduced from 72.34% to 63.84%.
Thomas Cook India: Retail portion was subscribed 14.92 per cent on Friday so far. A promoter entity Fairbridge Capital Mauritius intends to sell 8.5 per cent stake in Thomas Cook India.