Intimation of Transfer of 10052 equity shares of Re. 1/- each from Thomas Cook (India) Limited ESOP Trust ("ESOP Trust") acting through its Trustee, IDBI Trusteeship Services Limited to ....
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Thomas Cook (India) Limited has informed stock exchanges that its Nomination and Remuneration Committee approved the transfer of 10,052 equity shares (face value Re. 1 each) from the Thomas Cook ESOP Trust to eligible employees. The transfer follows employees exercising their stock options under the EXECOM 2018 ESOP Scheme. IDBI Trusteeship Services Limited acts as the trustee managing the ESOP Trust. This is a routine corporate action for employee stock option exercises where shares held in the trust are allocated to employees upon option exercise.
Minimal impact on shareholders. This represents normal ESOP exercise activity where existing shares held in trust are transferred to employees, not new share issuance or any corporate restructuring.