Dubai Financial in open offer to acquire stake in Thomas Cook (India)

Mumbai: Dubai Financial (LLC) has made an open offer to acquire 20 per cent of the paid-up equity share capital of Thomas Cook (India) at Rs619.45 per equity share. The offer opens on February 13 and closes on March 4, 2006.

Last week, TCIL had announced that Dubai Financial, a subsidiary of the Dubai Investment Group (LLC), had bought 100 per cent of the equity share capital of TCIM (Thomas Cook International Markets), which holds 60 per cent of the equity share capital of (TCIL).

The Thomas Cook scrip closed Monday's trading on the BSE at Rs586.05 as against the previous close of Rs597.05.