Mumbai: UK-based Thomas Cook Group Plc’s open offer for 20% stake in the domestic travel firm for about Rs351 crore will now start on May 16.
The company today said it has revised the schedule of the open offer, as per which the offer would now remain open from May 16 to June 5, Thomas Cook said in a filing to the Bombay Stock Exchange.
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% 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.