Canada's Fairfax Financial Holdings Ltd will buy Thomas Cook Group Plc's 77 per cent stake in its India operations for about $150 million, as the UK holiday firm continues to pay down its debt. Property and casualty insurer Fairfax's unit Fairbridge Capital will pay 50 rupees per share of Thomas Cook (India) Ltd for a total of 8,174 million rupees. The offer represents an 18 per cent discount to Thomas...
04:02 AM, May 22, 2012
Mumbai: Shares in Thomas Cook (India) Ltd rose as much as 16 per cent in early trade on Thursday, a day after its UK-based parent Thomas Cook Group Plc said it will look to sell its stake in the Indian travel operator. Shares in the company rose their maximum daily limit of 20 per cent on Wednesday after the announcement. India's Mercury Travels, Cox & Kings, Chinese firm HNA and...11:13 AM, Feb 09, 2012
This staple in the wallets of tourists, are making a silent exit. ...01:48 AM, Dec 15, 2009
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
