May 20, 2013

Press Release No. 1

News about Thomas Cook (India) Limited

The media had reports that Thomas Cook (India) Limited is looking to monetize land Assets and has appointed JLL as its consultant.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Thomas Cook (India) Limited has vide its letter inter-alia stated, "Thomas Cook (India) Limited, has as part of its strategy intent, consistently evaluated various operating models, which include consolidation of work places. In light of above, we are continuously exploring opportunities that may arise due to changes in the market for this domain, and JLL is one of the parties that we have been in touch with."