Thomas Cook India to demerge resorts business into Sterling Holiday, plans unit's listing

Thomas Cook (India)

20/03/2026 14:37

March 20 - Travel firm Thomas Cook (India) Limited said on Friday it would demerge its resorts and resort management business into its unit Sterling Holiday Resorts Limited, paving the way for a future listing of the fully owned subsidiary.

Thomas Cook India, which owns and operates six resorts under its Nature Trails brand, will transfer this business to the unit as part of the scheme.

The demerger aims to improve earnings per share and enable sharper strategic and operational focus across business verticals, the company said.

Under the scheme, shareholders will receive 0.81 shares of Sterling Holiday Resorts for every share held in Thomas Cook India.

The company will retain its existing stake in the unit, with the shareholding pattern of both entities remaining similar post-demerger.

Thomas Cook India said shares of Sterling Holiday Resorts will be listed on the BSE and NSE, without providing a timeline.

The demerger is subject to regulatory approvals, including that of the National Company Law Tribunal.

 (Reporting by Nishit Navin in Bengaluru; Editing by Shreya Biswas)

 ((nishit.navin@thomsonreuters.com;))