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Thomas Cook India to split its resort business into Sterling Holiday Resorts, creating a new company with shareholder benefits and growth focus.
Thomas Cook India plans to demerge its resort business into Sterling Holiday Resorts Ltd., creating a separate entity to focus on India’s growing hospitality sector.
The move, pending regulatory approval, will give TCIL shareholders 0.81 SHRL shares per TCIL share held and streamline capital structure to boost earnings per share.
TCIL will retain a stake in SHRL, both companies will list on BSE and NSE, and TCIL will consolidate shares and reduce face value.
The restructuring aims to enhance value and support future growth.
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Thomas Cook India dividirá su negocio de resorts en Sterling Holiday Resorts, creando una nueva compañía con beneficios para los accionistas y enfocado en el crecimiento.