Thomas Cook to Demerge Resorts Business into Sterling Holiday ResortsThomas Cook to Demerge Resorts Business into Sterling Holiday Resorts

Introduction

Leading travel and foreign exchange services company announced a major corporate restructuring as its wholly owned subsidiary’s board approved a composite scheme of arrangement involving multiple group entities.

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Share price movement of Thomas Cook Ltd

On March 23, 2026, Thomas Cook Ltd opened at ₹103.40, up 0.05% from its previous close of ₹103.35. It reached a high of ₹103.45 (0.10%) and a low of ₹93.00. By 4:00 PM, it traded at ₹96.35, a -6.77% decrease, with a market cap of ₹4,400.41 crore.

Composite Scheme of Arrangement Approved

Sterling Holiday Resorts Limited, a wholly owned material subsidiary of Thomas Cook India, approved a composite scheme of arrangement at its board meeting held on March 20, 2026. The scheme involves Thomas Cook India as the demerged and transferee company, and Sterling Holiday Resorts as the resulting company.

The scheme also includes the merger of three group entities into Thomas Cook India. TC Visa Services (India) Limited, Jardin Travel Solutions Limited, and Borderless Travel Services Limited are the three transferor companies under this composite arrangement along with their respective shareholders.

Thomas Cook India will demerge its resorts business into Sterling Holiday Resorts while simultaneously absorbing the three transferor companies. The approval was disclosed under Regulation 30(9) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Stock performance of Thomas Cook Ltd  for Period of 1 week, 6 months, and 1 year

Thomas Cook Ltd delivered a 1-week return of 6.23%, a 6-month return of -43.9%, and a 1-year return of -33.5%.

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Shareholding pattern of Thomas Cook Ltd

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	63.80%	63.80%	63.80%
FII	7.30%	5.30%	4.40%
DII	6.90%	7.50%	7.90%
Public	21.00%	22.40%	22.90%

About Thomas Cook Ltd

Thomas Cook (India) Ltd (NSE: THOMASCOOK) is a leading travel services company established in 1881, offering foreign exchange, corporate travel, MICE, leisure travel, and visa services across 25+ countries.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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