Announced Thu, 23 Jul · 17:15 IST
Corporate Guarantee of USD 4.40M for associate company
THOMASCOOK · price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹100.12
prior close
₹99.96
base price
After-mkt
timing
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AI summary
Thomas Cook India will issue a Corporate Guarantee of USD 4.40 million to ICICI Bank on behalf of its indirect associate Digiphoto Entertainment Imaging LLC. The guarantee enables the associate to obtain a credit facility from ICICI Bank to run its business smoothly. Thomas Cook will charge commission on arm's length basis. Approved by the Sub Committee of the Board on July 23, 2026.
Likely market impact
Minor contingent liability for the company. Supports associate operations and earns commission income at market terms.