Markets

Thomas Cook promoters pledge entire stake

K.S. Badri Narayanan Chennai | Updated on March 12, 2018 Published on January 11, 2012

Promoters of Thomas Cook India Ltd - Thomas Cook UK Ltd and TCIM Ltd - have informed the Bombay Stock Exchange that they have pledged their entire stake in the Indian company with the Royal Bank of Scotland PLC.

While Thomas Cook UK Ltd holds 4.53 crore shares or 21.39 per cent in Thomas Cook India, TCIM has 11.81 crore shares or 55.72 per cent stake in the company.

Small investors hold about 15.61 per cent stake in the company. However, the stock did not react to this development. Thomas Cook India remains unchanged at Rs 34.05 at 9.30 a.m. on the BSE with 44,000 shares changing hands.

Published on January 11, 2012
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