Thomas Cook Issues Corporate Guarantee of USD 4.40 Million for Associate Entity
Thomas Cook (India) Limited has issued a corporate guarantee valued at USD 4.40 Million in support of its indirect associate company, Digiphoto Entertainment Imaging LLC. The guarantee benefits the entity's credit facility sanctioned by ICICI Bank Limited.The decision to provide the Corporate Guarantee (CG) was authorized by the Sub Committee of the Board of Directors on July 23, 2026.
Digiphoto Entertainment Imaging LLC is an indirect Associate of Thomas Cook (India) Limited. The company confirmed that there is no interest in this transaction from the promoter or promoter group, and the deal is conducted at arm's length.
The guarantee will enable Digiphoto Entertainment Imaging LLC to carry on its business smoothly, which is expected to ultimately benefit Thomas Cook (India) Limited. In relation to this support, Thomas Cook (India) Limited will be charging commission on an arm's length basis.
Details of the corporate guarantee transaction are summarized below:
| Particulars | Details |
|---|---|
| Entity Benefiting | Digiphoto Entertainment Imaging LLC |
| Guaranteed Amount | USD 4.40 Million |
| Lending Institution | ICICI Bank Limited |
| Nature of Relationship | Indirect Associate Company of Thomas Cook (India) Limited |
| Impact on Thomas Cook | Charging commission on an arm's length basis, enabling smooth operations for the associate entity. |
THOMASCOOK Stock Price Movement
Today, shares of Thomas Cook (India) Limited slipped, finishing the session at ₹100.29 after shedding 1.73% in trading. The stock traded within an intraday range spanning from a low of ₹99.6 to a high of ₹102.34 on a volume of 323,741 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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