Thomas Cook (India) Limited has informed the Exchange about approval of Composite Scheme of Arrangement by Board of Directors of Sterling Holiday Resorts Limited (Wholly Owned Material Subsidiary of Thomas Cook (India) Limited) under Regulation 30(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
THOMASCOOK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sterling Holiday Resorts Limited, a wholly owned material subsidiary of Thomas Cook (India), has approved a Composite Scheme of Arrangement at its Board meeting on March 20, 2026. The scheme involves six parties: Thomas Cook (India) as the Demerged/Transferee company, Sterling Holiday Resorts as the Resulting company, and three transferor companies — TC Visa Services (India), Jardin Travel Solutions, and Borderless Travel Services — along with their respective shareholders. The restructuring essentially consolidates Thomas Cook's visa services and travel solutions subsidiaries into Sterling Holiday Resorts while Thomas Cook serves as the demerged and transferee entity. No specific share exchange ratio, valuation, or effective date has been disclosed in this filing.
This is an internal group restructuring that repositions Sterling Holiday Resorts as the broader hospitality and travel services vehicle within the Thomas Cook group. Shareholders should watch for the next steps — share swap ratio announcement, NCLT/Sebi approvals, and any potential open offer trigger — as these will determine the actual impact on share value and shareholding.