Archive for the 'Travel' Category

Thomas Cook to buy back Indian arm

Plans to expand in emerging markets where travel is growing fast.
Two years after it sold its Indian unit, Thomas Cook Group Plc, Europe’s second-biggest travel company, will now buy it back from Dubai Financial.
Thomas Cook Plc will buy a 54.90 per cent stake in Thomas Cook India Ltd (TCIL) from Dubai Financial for around Rs […]

Mahindra Holidays IPO to open in Jan

Mahindra Holidays and Resorts India, a leisure hospitality provider offering family holidays and part of the Mahindra Group, said on Friday that it is considering a pre-IPO sale of 2.5 million shares by January 2008.
The company has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an […]

Thomas Cook rights issue to be delayed

Thomas Cook (India) Ltd has decided to delay its rights issue until further notice from the Securities and Exchange Board of India (SEBI). The company board had approved the 1:3 rights issue, aggregating up to Rs 225 crore, in March this year.
“Owing to internal reorganisation in the holding of the parent companies of the promoters, […]