Read about Fairbridge Capital’s successful Offer for Sale (OFS) of 40 Mn. equity shares of Thomas Cook (India) Limited (TCIL), and its impact on the Tourism & Hospitality industry post-pandemic. Chairman & CEO of Fairfax Financial Holdings Limited, Mr. Prem Watsa, shares insights on TCIL’s recovery and growth prospects.
In a strategic move that underscores the resilience of the tourism and hospitality industry, Fairbridge Capital (Mauritius) Limited (FCML) has successfully completed an Offer for Sale (OFS) of 40 million equity shares of Thomas Cook (India) Limited (TCIL). Valued at INR 5.58 billion, this transaction marks a significant milestone in the journey of these two industry leaders.
The backdrop for this achievement dates back to March 2021 when FCML injected a substantial capital infusion of USD 60 million into TCIL. This financial support was a response to the unprecedented disruption caused by the…