Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesCompat sets aside CCI order against Thomas Cook

    Compat sets aside CCI order against Thomas Cook

    CCI had imposed this penalty after Thomas Cook bought a 9.93 percent stake in Chennai-based Sterling Holidays from the open market just days before seeking the fair trade watchdog's approval for Rs 870-crore merger

    August 27, 2015 / 07:59 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Tour and travel operator Thomas Cook has received a reprieve from the Competition Appellate Tribunal (Compat). The tribunal has set aside a CCI order that imposed a penalty of Rs 1 crore on Thomas Cook and Sterling Holidays.

      Remember, the CCI had imposed this penalty after Thomas Cook bought a 9.93 percent stake in Chennai-based Sterling Holidays from the open market just days before seeking the fair trade watchdog's approval for Rs 870-crore merger.

      first published: Aug 26, 2015 09:54 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347