Thomas Cook (India) Limited has executed a significant Business Transfer Agreement (BTA) with its step-down subsidiary, Nature Trails Resorts Private Limited (NTRPL), to acquire the Hotel Business of NTRPL for ₹522.5 million. The acquisition, structured as a slump sale on a going concern basis, is expected to be completed by April 4, 2025, pending fulfillment of customary conditions.
This strategic move is aimed at integrating Thomas Cook’s domestic tourism offerings with NTRPL’s well-established eco-tourism and adventure-based resorts across Maharashtra. The company aims to leverage its extensive customer base to boost the newly acquired assets’ performance.
Key Highlights:
- Transaction Type: Related Party, Arm’s Length
- Consideration: ₹522.5 Mn (Cash)
- Business Nature: Hotel & Tourism
- Impact: Strengthens domestic tourism portfolio, aligns with youth-focused travel trends
The acquisition enhances Thomas Cook’s domestic tourism presence and may be perceived positively by investors seeking growth in India’s hospitality and leisure travel sector. Short-term market reaction may be moderate, with potential long-term gains if integration drives revenue growth. The acquisition’s related party nature might raise some governance-related scrutiny but is mitigated by arm’s length valuation.
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