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Thomas Cook India expects demerger of resorts business by Oct 2027: MD
Thomas Cook (India) Ltd expects the proposed demerger of its resorts and resort-management business into Sterling Holiday Resorts to become effective by October 2027, according to a top company official. In an interview with PTI, Mahesh Iyer, Managing Director and CEO of Thomas Cook (India) Ltd, said the company expects the scheme to become effective by mid-FY28. "The application in respect of the composite scheme of arrangement has been filed before NCLT Mumbai. Accordingly, we expect the sche…
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