BSE clears Thomas Cook Composite Scheme of Arrangement

Core Business DivestedStrategic Transactions View source PDF Explain this filing

THOMASCOOK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹107.00

prior close

₹105.90

announcement price

After-mkt

timing

Nifty Microcap 250market-0.6%-0.8% vs market

Tour Travel Related Services peers, median of 6sector-1.0%-0.4% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.4 pts less than its Tour Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.1

15m

-1.0

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-0.6-0.8-1.0-0.4

Next day

-0.4+0.0-0.4-0.1-0.3

+4.0+0.7+3.3-0.3+4.3

+5.0+1.1+3.9+0.0+4.9

+2.3+1.6+0.7-0.6+2.9

+1.9+1.5+0.4-0.3+2.2

+0.1+1.4-1.3-2.6+2.7

15d

-2.3+0.4-2.8-3.8+1.5

-6.8-1.4-5.4-5.0-1.8

—————

UpDownMarket · Nifty Microcap 250Sector · Tour Travel Related Services peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BSE issued a no-adverse-observation letter for Thomas Cook India's Composite Scheme of Arrangement. Under the scheme, TCIL's resort business will demerge into Sterling Holiday Resorts, while three travel firms (TC Visa Services, Jardin Travel Solutions, Borderless Travel Services) will merge into TCIL. Board approved the scheme in March 2026. TCIL must now file the scheme with NCLT within six months.

Likely market impact

Scheme moves a step closer to completion. NCLT and shareholder approvals still required. Sterling Holiday Resorts will list separately after the demerger.