demerger

Hotels & Resorts

Thomas Cook India Announces Demerger of Resorts Business into SHRL.

“By simplifying the current capital structure and improving Earnings Per Share, this demerger and restructuring unlock tremendous value and potential for TCIL shareholders,” stated Mahesh Iyer, MD & CEO of Thomas Cook India. The Board of Thomas Cook (India) Limited (TCIL) approved a proposal for the demerger of the company’s resorts and resort management business into Sterling Holiday Resorts Limited…