Thomas Cook (India) Limited has authorized a further investment of INR 2.50 Crore into its joint venture, Indian Horizon Marketing Services Limited (IHMSL). This capital infusion is structured as a subscription to 25,00,000 Class A Equity Shares at a face value of Rs. 10/- each. Following this preferential allotment, Thomas Cook retains 100% shareholding in the Class A Equity segment of the JV, which focuses on co-developing the Travel AI Platform.
Capital Infusion into Strategic Joint Venture
Thomas Cook (India) Limited announced a significant capital allocation to strengthen its joint venture, Indian Horizon Marketing Services Limited (IHMSL). The Board’s Sub-Committee has sanctioned the subscription to 25,00,000 Class A Equity Shares of IHMSL, each with a face value of Rs. 10/-.
The total consideration for this preferential allotment amounts to INR 2,50,00,000 (Two Crore Fifty Lakhs Only). This investment, made on March 27, 2026, solidifies the company’s financial commitment to the entity.
Target Entity Details and Rationale
IHMSL is a Joint Venture between Thomas Cook (India) Limited and Atirath Technologies Private Limited, incorporated on December 26, 1989. The primary purpose of this further subscription is to fund the co-developing of the Travel AI Platform, signaling a strategic focus on technological advancement within its travel services ecosystem.
The turnover for IHMSL for the past three financial years was reported as NIL.
Shareholding Structure Post-Allotment
Prior to this preferential issue, Thomas Cook held 100% of the Class A Equity Shares. Following the acquisition of the 25,00,000 new shares, the Company’s effective shareholding in Class A Equity remains at 100%. The issuance was executed at the face value of Rs. 10/- per share, confirming the transaction was conducted at an arm’s length basis relative to the Company’s existing shareholding.
Transaction Timeline
The company indicated that the formal allotment of the new shares is expected to be completed by April 8, 2026. This move is a continuation of capital deployment following a prior supplemental agreement intimated on March 24, 2026.
Source: BSE
