{"id":17581,"date":"2023-12-19T16:30:31","date_gmt":"2023-12-19T11:00:31","guid":{"rendered":"http:\/\/pulseonline.co\/?page_id=17581"},"modified":"2023-12-19T16:30:31","modified_gmt":"2023-12-19T11:00:31","slug":"fairbridge-capital-mauritius-limited-fcml-has-completed-an-offer-for-sale-ofs-of-40-mn-equity-shares-of-thomas-cook-india-limited-tcil-valued-at-rs-5-58-bn","status":"publish","type":"page","link":"http:\/\/pulseonline.co\/index.php\/fairbridge-capital-mauritius-limited-fcml-has-completed-an-offer-for-sale-ofs-of-40-mn-equity-shares-of-thomas-cook-india-limited-tcil-valued-at-rs-5-58-bn\/","title":{"rendered":"Fairbridge Capital (Mauritius) Limited (FCML) Has Completed an Offer for Sale (OFS) of 40 Mn. Equity Shares of Thomas Cook (India) Limited (TCIL), Valued at Rs 5.58 Bn."},"content":{"rendered":"<ul>\n<li><span style=\"color: #0000ff;\"><strong>In March 2021, FCML injected capital of USD 60 Mn. to assist TCIL with the disruption to its business that resulted from the global pandemic\u00a0 <\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong>Now that TCIL\u2019s business has fully recovered, as is reflected in its financial performance, the Offer for Sale has resulted in the return of USD 67.2 Mn.* to FCML<\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong>FCML continues to be the majority shareholder and promoter of the TCIL Group and holds 300.3 Mn. shares \u2013 which is higher than the number of shares it held prior to the funds injected in March 2021 (248.2 Mn. shares), while increasing the floating stock available to minority shareholders<\/strong><\/span><\/li>\n<\/ul>\n<p>Commenting on the completion of the Offer for Sale,\u00a0 Prem Watsa \u2013 Chairman &amp; CEO of Fairfax Financial Holdings Limited said: <em>\u201cThomas Cook India has been an important member of the Fairfax family since 2012, and we remain committed to maintaining our position as the majority shareholder and promoter of the company. The recovery of the business post the global pandemic is in line with the Tourism &amp; Hospitality industry globally. I am confident that the company will continue to benefit from the India growth story, and the rebound of the Tourism &amp; Hospitality industry worldwide.<\/em>\u201d<\/p>\n<p>(*Based on the exchange rate of Rs 83 to USD 1)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In March 2021, FCML injected capital of USD 60 Mn. to assist TCIL with the disruption to its business that resulted from the global pandemic\u00a0 Now that TCIL\u2019s business has fully recovered, as is reflected in its financial performance, the Offer for Sale has resulted in the return of USD 67.2 Mn.* to FCML FCML&#8230; <\/p>\n<div class=\"link-more\"><a href=\"http:\/\/pulseonline.co\/index.php\/fairbridge-capital-mauritius-limited-fcml-has-completed-an-offer-for-sale-ofs-of-40-mn-equity-shares-of-thomas-cook-india-limited-tcil-valued-at-rs-5-58-bn\/\">Read More<\/a><\/div>\n","protected":false},"author":9,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/17581"}],"collection":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/comments?post=17581"}],"version-history":[{"count":3,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/17581\/revisions"}],"predecessor-version":[{"id":17721,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/17581\/revisions\/17721"}],"wp:attachment":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/media?parent=17581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}