Thomas Cook offers to buy out 32.79 million shares

Mumbai, Mar 10 (UNI) Consequent to its 100 per cent takeover bid of its Indian arm, Thomas Cook India, Thomas Cook UK today made out an offer to acquire 32.79 million equity shares of face value of Rupee one each at a price of Rs 107 per fully paid up equity share.

The company said the offer represented approximately 20.4 per cent of the current voting capital.

Kotak Mahindra Capital Company would be the Manager to the offer that would open on April 22, 2008 and close on May 12, 2008.

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