Showing posts with label Rakesh Jhunjhunwala. Show all posts
Showing posts with label Rakesh Jhunjhunwala. Show all posts

Sunday, February 9, 2014

Tarvael Company Merger

The country's two biggest travel companies merged . Sterling Holiday giant Thomas Cook and the travel company merged . Thomas Cook - Sterling Holiday completion of the merger transaction is Rs 870 crore .

Merger between the two companies in several stages . Thomas Cook sterling 23.24 per share will be 90.4 per cent . Thomas Cook 23.24 per cent to Rs 190 crore will Preferential issue .

In the second phase, Rs 207 million sterling will share 26 per cent of the Promoter . Since its launch open offer for 26 per cent of Thomas Cook . Thomas Cook will bring on the open offer price per share of Rs 98 . 100 shares 120 shares of Sterling , Thomas Cook will return .

Sterling Holiday is also the largest investor Rakesh Jhunjhunwala . Following the merger of the two companies will cost Rs 3,000 crore . Sterling Holiday Resorts 19 to 15 cities .