We are only conducting Seminars to make Professional Traders. Join Now for Hyderabad and Chennai Seminar. The material published on the blog is of general and educational information only and is not suitable for trading purpose. We do not provide Stock Tips. Please do not make any payment on website. All Material is available Free on the site.

Thomas Cook India News for Sale to Fairbridge Capital

It is a real news that Thomas Cook India has been sold to Fairbridge Capital (Mauritius) Ltd, a subsidiary of Fairfax Financial Holdings. The price for payment is equivalent to Rs 50 per share, which represents a premium of 11 per cent over the market price immediately before the announcement of the auction process.

Thomas Cook will receive gross cash proceeds of Rs 8,174 million for its shareholding, and this will help it to recast its segment. Thomas Cook India was a good venture as it had clocked net profit of Rs 56.24 crore for the 12 months ending December 31, 2011. However it is also a smart move to retire high interest debt.

Most Visited Stocks - Click to Visit Link

 
We Teach and Train our Readers as we want to make sure that Readers become thorough professionals. We do not provide any stock tips. Please do not make any payments. Your joining or reading content is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9