Thomas Cook (India) Limited & Sterling Holiday Resorts (India) Limited have announced their merger. ICICI Securities Ltd is the Manager to the Open Offer on behalf of Thomas Cook Insurance Services (India) Ltd., which is the acquiring company.
Thomas Cook will acquire 23,486,264 equity shares of Rs. 10/-, representing 26% of the total share capital of Sterling Holiday Resorts. This Offer is being made at a price of Rs. 98 (Rupees ninety eight) per fully paid up equity share of Rs. 10/- each of Sterling Holiday Resorts.
