In the early trading hours on November 30, Thomas Cook India experienced a 5% decline in shares on the NSE following an announcement that Fairbridge Capital (Mauritius), the company’s promoter, intends to divest over 6% of its stake through an offer for sale (OFS).
Fairbridge Capital, spearheaded by Indian-origin Canadian Billionaire Prem Watsa, has been actively involved in investing in both public and private equity securities and debt instruments within India and its business landscape.
Watsa’s foray into the Indian investment landscape through Fairbridge Capital commenced in May 2012, with an investment in Thomas Cook (India). Notable among the portfolio of Fairbridge Capital are substantial investments in entities such as Quess Corp, IIFL, and Bangalore International Airport.
As of 11:27 am on the same day, Thomas Cook India’s shares were observed to be trading 4.99% lower at ₹150.50.
