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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