Thomas Cook acquisition gets the nod

The Competition Commission of India (CCI) has approved the proposed acquisition of Thomas Cook (India) Ltd by Fairbridge Capital Mauritius (FCML).

“After the assessment of the proposed combination, the Commission is of the opinion that the proposed combination is not likely to have an appreciable effect on the competition in India and therefore, the Commission hereby approves the proposed combination,” the CCI said in an order, reported by the Economic Times.

As per the purchase agreement, FCML will acquire INR16.34 crore fully-paid equity shares of TCIL.

By Krupa Vora, 23 July 2012, Monday 10:12 AM