Announced Wed, 2 Sept · 13:56 IST
NSE no objection for Thomas Cook composite scheme of arrangement
THOMASCOOK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹107.00
prior close
₹104.77
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.8+2.6+2.3+1.7-0.4+4.0+5.0+2.3+1.9+0.1————
Up moveDown movePending
AI summary
Thomas Cook India received NSE's no-objection letter dated September 1, 2026 for its Composite Scheme of Arrangement. The scheme involves demerging TCIL's Resort Business into Sterling Holiday Resorts, while merging TC Visa Services, Jardin Travel Solutions, and Borderless Travel Services into TCIL. The observation letter is valid for 6 months, after which the scheme will be filed with NCLT for approval.
Likely market impact
Positive step toward restructuring; NCLT and shareholder approvals still needed before scheme becomes effective.