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  • News From Press Thomas Cook OFS subscribed 2.1x; Mission1 buys 23% stake in Shriram AMC

    Thomas Cook OFS subscribed 2.1x; Mission1 buys 23% stake in Shriram AMC

    Source: Business Standard Dec 1, 2023

    The Rs 500 crore offer for sale (OFS) by Thomas Cook India was subscribed 2.14 times on Thursday. The 40-million sh­a­re offering saw bids for 85.7 million shares largely from insti­tutional investors. Most of the bids came at Rs 135 as aga­inst the base price of Rs 125. Its shares fell 5 per cent to close at Rs 150 in the sec­ondary market trading.  Mission1 Investments LLC, a US-based investment firm, has acquired a 23 per cent stake in Shriram Asset Man­age­ment Company as a result of debt to equity conversion.

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