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MUMBAI: UK-based Thomas Cook Group Plc's open offer for 20 per cent stake in the domestic travel firm for about Rs 351 crore will now start on May 16.

The company on Tuesday said that it has revised the open offer schedule, as per which it would now remain open from May 16 to June 5. The other terms and conditions of the offer remained unchanged, the company added.

As per the original schedule, the offer was expected to remain open from April 22 to May 12.

Thomas Cook UK has made an offer to acquire 32,795,996 equity shares representing around 20.4 per cent of the current voting capital of Thomas Cook India Ltd (TCIL) for Rs 107 per share, TCIL said in a filing to the Bombay Stock Exchange. Shares of the company were trading at Rs 100.75, up 0.45 per cent on the BSE in afternoon trade. - PTI

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