Thomas Cook boils on split plan

DALAL STREET SPIKES

Thomas Cook surged 20 per cent to Rs 645.30 on the board's plan to split the company's shares. The board will meet on 27 April 2006 to consider splitting the shares of face value Rs 10 each to Re 1 each, and also increase the investment limit for FIIs.

Currently, FII holding as on 31 March 2006 was 0.10 per cent of its paid-up capital. The company had earlier in March reported that it was looking at acquisitions in India and abroad.

The company had also planned to buy three companies in the travel and tourism business over two months. Thomas Cook is one of the world's leading international travel and financial services groups serving from 4,500 locations in more than 100 countries.