Thomas Cook: Open offer to Sterling Holiday Resorts India's shareholders

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ICICI Securities Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Public Announcement ("PA") regarding Open Offer to the Shareholders of Sterling Holiday Resorts India Ltd ("Target Company') to acquire up to 23,486,264 fully paid up equity shares of face value of Rs. 10 (Rupees ten only) each of the Target Company ("Equity Shares”) constituting 26% of the Voting Share Capital ("Offer Size”), by Thomas Cook Insurance Services (India) Ltd ("Acquirer") with Thomas Cook (India) Ltd ("Person Acting in Concert/ PAC"), pursuant to and in compliance with, amongst others, Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("Takeover Regulations”).Price/Consideration: The offer price of Rs. 98.00 (Rs. Ninety Eight only) per Equity Share is calculated in accordance with Regulation 8(2) of the Takeover Regulations ("Offer Price”).Source : BSE

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