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Shares of Thomas Cook India were up nearly 3% at Rs 225.50 on the Bombay Stock Exchange after the company said it has received approval from the High Court of Bombay for its merger with Sterling Holiday Resorts (India) Ltd, vide order dated July 2, 2015.
Post filing of the High Court order and receipt of approval from the concerned authorities, Thomas Cook (India) Ltd will initiate the process for issue of shares to shareholders of Sterling Holiday Resorts (India) Ltd.
The stock opened at Rs 223 and touched a high of Rs 226. At 12:40PM, over 240,000 shares were traded on both the stock exchanges.
