Thomas Cook (India) Limited has informed the Exchange regarding a press release dated March 20, 2026, titled "Thomas Cook (India) Limited announces the demerger of its Resorts and Resort Management business into Sterling Holiday Resorts Limited".
THOMASCOOK · price
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On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 5.2 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.
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Thomas Cook (India) Limited (TCIL) has received in-principle board approval to demerge its Resorts and Resort Management business (6 Nature Trails resorts) into its wholly owned subsidiary Sterling Holiday Resorts Limited (SHRL). Under the proposed scheme, TCIL shareholders will receive 0.81 shares of SHRL for every TCIL share held, and SHRL shares will subsequently be listed on BSE and NSE. Alongside the demerger, TCIL will consolidate 4 shares of Rs.1 face value into 1 share of Rs.4, then reduce face value to Rs.3, and merge 3 dormant subsidiaries to streamline its capital structure. The move aims to unlock shareholder value, improve earnings per share, and enable sharper focus on each business vertical. The proposal is subject to NCLT and other regulatory approvals.
Shareholders of TCIL will receive SHRL shares as consideration (0.81 SHRL per TCIL share) and the restructuring is expected to improve TCIL's earnings per share while creating a separately listed hospitality entity. In the near term, the stock may react positively on value-unlock news, but actual benefits depend on NCLT and regulatory approvals and the final listing of SHRL.