New Delhi: Thomas Cook India Ltd today said Thomas Cook UK Ltd will indirectly control 54.42 per cent of its total paid up capital after Thomas Cook UK acquires its holding company, TCIM Ltd.

In terms of the Share Sale and Purchase Agreement dated March 7,2008 between Thomas Cook UK Ltd, Dubai Financial Group (LLC) and TCIM Ltd, Thomas Cook UK Ltd has acquired 100 per cent of the shareholding of TCIM Ltd, said a statement.

TCIM Ltd currently holds 54.42 per cent of the paid up equity share capital of the company and Thomas Cook UK Ltd shall, therefore, indirectly control 54.42 per cent of the total paid up capital of the company, it added.

The Board has effected its reconstitution 100 per cent of the offer consideration payable to the public shareholders had been deposited in an escrow account.

Source : UNI