Demerger of its Resorts and Resort Management business - Thomas Cook (India) Ltd

Code BSE: 500413 NSE:

Thomas Cook (India) Limited announces the demerger of its Resorts and Resort Management business into Sterling Holiday Resorts Limited a) The demerger will unlock value for TCIL shareholders by separating the Resorts and Resort Management business into SHRL - paving the way for a future listing of SHRL b) The restructuring will streamline the existing capital structure of TCIL, which will result in improved Earnings Per Share for TCIL shareholders