Thomas Cook (India) Limited has announced the renewal of a corporate guarantee for its subsidiary, Asian Trails Limited (Thailand). The guarantee, totaling THB 53 Million, supports a credit facility provided by Deutsche Bank AG, Thailand. This renewal ensures continued operational smoothness for the subsidiary and will eventually benefit the parent company. Thomas Cook (India) Limited will charge a commission on an arm’s length basis.
Corporate Guarantee Renewal
Thomas Cook (India) Limited has officially informed the stock exchanges about the renewal of a corporate guarantee. This renewal pertains to its subsidiary, Asian Trails Limited (Thailand). The decision was approved by the Sub-Committee of the Board of Directors on June 11, 2026. This action is in accordance with regulatory requirements and aims to ensure continued financial support for the subsidiary’s operations.
Details of the Guarantee
The renewed corporate guarantee is valued at THB 53 Million and is being provided to Deutsche Bank AG. This guarantee facilitates a credit facility that has been sanctioned to Asian Trails Limited, Thailand. The renewal is expected to allow the subsidiary to manage its business activities smoothly, ultimately contributing to the overall benefit of Thomas Cook (India) Limited.
Commercial Terms
Thomas Cook (India) Limited will receive a commission for providing this corporate guarantee. The commission will be charged on an arm’s length basis, ensuring a fair and market-driven arrangement between the parent company and its subsidiary.
Subsidiary Information
Asian Trails Limited (Thailand) is a subsidiary of Thomas Cook (India) Limited. This renewal highlights the company’s strategy to support its international operations and maintain robust financial structures for its group entities.
Source: BSE
