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: 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.
Thomas Cook India: The OFS by the promoter entity for 8.5 per cent stake is being offered at floor price of Rs 125. The floor price was at steep 21 per cent discount to Wednesday's closing price of Rs 158.25 for Thomas Cook India.
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.
Thomas Cook stock surged 11.01 per cent to hit of high of Rs 87.10 on BSE. It was close to its 52-week high of Rs 91.35 hit in March this calendar, after rallying 61 per cent from its June low of Rs 54