The promoter proposes to sell up to 32,000,000 shares in Thomas Cook and has set the floor price for the same at Rs 125/share. The floor price is at a steep discount of 21% to the current market price. On Wednesday, shares of Thomas Cook ended 4.5% lower on the National Stock Exchange at Rs 158.40.
With the roll-out of the vaccine ushering in positive corporate sentiment, Thomas Cook (India) Limited has set its sights on the re-start of MICE travel. In a focussed initiative aimed at building corporate confidence in MICE, the company conducted a unique physical corporate outreach at JW Marriott Aerocity - tapping into the strong market potential of NCR & North India. The event themed The Art of Travel, in partnership with Marriott International and New Zealand Tourism, showcased the Thomas Cook India Assured-Insured-Secured program, together with Marriott International’s Commitment to Clean to ensure reassurance from a health and safety perspective. The event witnessed strong participation from over 48 leading multinational corporations and Indian corporate houses across sectors that included BFSI, automobiles, electronics, manufacturing, export, etc.
Sebi said that if Thomas Cook is compelled to perform its share buyback programme, then it will have an adverse effect on its business and in turn, its shareholders.
Thomas Cook India opens new Gold Circle Partner franchise outlet in Kolhapur
This expansion augments travel services company’s distribution and reach in Maharashtra to 16 consumer access centres. February 09, 2021 11:56 IST | India Infoline News Service
Thomas Cook (India) Limited, integrated travel services company, has expanded its footprint in Maharashtra with the launch of a new Gold Circle Partner franchise outlet in Kolhapur, inaugurated by Sau Chhatrapati Madhurima Raje on Monday. This expansion augments Thomas Cook India’s distribution and reaches in Maharashtra to 16 consumer access centres: 6 owned branches and 10 Gold Circle Partner (franchise) outlets across Pune, Ahmednagar, Aurangabad, Nasik, Nagpu
Thomas Cook India inks strategic agreement with Destination Maldives to enhance visibility
The partnership will also ensure a reiteration of safety and hygiene – a key aspect to build consumer confidence in travel in the COVIDera. January 25, 2021 4:41 IST | India Infoline News Service In a focussed initiative to give fillip to travel to the Maldives, Thomas Cook India, India’s leading integrated travel services company has signed a strategic agreement with the Maldives Marketing and Public Relations Corporation to enhance visibility and visits to the destination. Given positive consumer sentiment due to announcements on the vaccine and significant lockdown fatigue, Thomas Cook India’s Holiday Readiness Repor