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Fairbridge Capital buys 77% stake in Thomas Cook India for Rs 810 cr
Fairbridge Capital, a fully-owned arm of Toronto-based Fairfax Financial Holdings, has purchased the 77.1 per cent stake in Thomas Cook India from the latter’s Britain-based parent for Rs 810 crore.
The deal may work out to Rs 1,100-1,200 crore if Fairbridge purchases the entire shareholding; it is to now make the mandatory open offer to the other shareholders.
Fairbridge, was not the top bidder,
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