Demerger News: Thomas Cook India has announced a demerger plan. As per the plan, Thomas Cook India will demerge its resorts and resort management business into Sterling Holiday Resorts Limited (SHRL).

Thomas Cook India said that the board has given in-principle approval to the demerger plan.

Thomas Cook India Demerger: SHRL Shares To List

The demerger will pave the way for the future listing of the company's wholly-owned arm -- SHRL.

The demerger proposal recommended by the audit committee and the independent committee.

Thomas Cook India Limited owns and/or operates 6 resorts directly under the brand name Nature Trails.

Thomas Cook India's demerger will streamline the existing capital structure, resulting in improved earnings per share for the company.

Thomas Cook India Demerger Share Ratio

Thomas Cook India shareholders will receive SHRL shares as consideration for the demerger and in accordance with the share entitlement ratio of 0.81 shares of SHRL for every share of TCIL.

Thomas Cook India will consolidate 4 shares of face value Rs 1 each into 1 share of face value Rs 4 each.

Thomas Cook India will continue to hold its current number of shares in SHRL post the demerger.

Promoters and public shareholding pattern of TCIL and SHRL will remain similar post the demerger.

The proposed demerger and restructuring are subject to NCLT and other regulatory approvals.