Thomas Cook Falls For Second Day Despite Clarification

Shares of Thomas Cook fell as much as 12.10 per cent to Rs 135.05 despite the clarification from the company that it has no relation with the Thomas Cook UK (Thomas Cook Plc) which collapsed under a pile of debt after talks with its creditors failed.





Thomas Cook India's Chairman and Managing Director Madhavan Menon in an exchange filing on Saturday said that it is a completely separate entity from Thomas Cook UK post acquisition in 2012 by Canada based Fairfax Financial Holdings.





"Thomas Cook (India) Ltd. was acquired by Fairfax Financial Holdings via a 77 per cent stake in 2012. Thomas Cook UK has had no stake in Thomas Cook (India) Limited since then," Mr Menon said in a statement.

As of 1:42 pm, Thomas Cook shares traded 5.27 per cent lower at Rs 145.55.



