Thomas Cook (India) Limited Increases Investment in Indian Horizon Marketing Services Limited
Mumbai – March 27, 2026 – Thomas Cook (India) Limited announced a further investment of INR 2,50,00,000 (Two Crore fifty lakh Only) in Indian Horizon Marketing Services Limited (IHMSL). The investment, authorized by the company's Sub-Committee of Board of Directors on March 27, 2026, involves the subscription to 25,00,000 Class A Equity Shares of Rs. 10/- each in a preferential offer.The additional investment will be used for the co-development of a Travel AI Platform.
IHMSL is a joint venture between Thomas Cook (India) Limited and Atirath Technologies Private Limited, incorporated on December 26, 1989. The preferential offer allotment is expected to be completed by April 8, 2026.
The transaction constitutes a related party transaction due to Thomas Cook (India) Limited's existing shareholding in IHMSL. The investment was made at an arm’s length.
Details of IHMSL:
| Particulars | Details |
|---|---|
| Name of Target Entity | Indian Horizon Marketing Services Limited |
| Paid-up Capital (Pre-Preferential Issue) | a) 14,60,000 Class A Equity Shares of Rs. 10/- each fully paid-up. b) 15,40,000 Equity shares of Rs. 10/- each fully paid-up. |
| Paid-up Capital (Post Allotment) | a) 39,60,000 Class A Equity Shares Rs. 10/- each fully paid-up. b) 15,40,000 Equity shares of Rs. 10/- each fully paid-up. |
| Industry | Travel Related Services |
| Shareholding (Pre-Preferential Issue) | Class A Equity Shares: 100% |
| Shareholding (Post Preferential Issue) | Class A Equity Shares: 100% |
| Consideration | INR 2,50,00,000 (Two Crore Fifty Lakhs only), Class A Equity shares at Rs.10/- each |
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