Even so, the stock fell 1.8 per cent to close at Rs 153.65 on the BSE. The UK firm's shares slumped 23 per cent on Friday, before it filed for insolvency.
India, acquired from Thomas Cook UK by Fairfax Holdings in 2012, pays a licence fee of Rs 2 crore to its former promoter to use the brand name in India and two other countries.
The company held a conference call with investors on Monday to clarify its separate ownership and that the closure of UK tour operator would have no impact on it. Madhavan Menon, chairman of Thomas Cook India, said: “The collapse of Thomas Cook UK opened up the possibility for us to acquire brand rights in three countries, but it is too early to take a decision.”
"We have two brands now — Thomas Cook and SOTC. The SOTC brand name will remain with us. We have a licence to use Thomas Cook brand name in India, Sri Lanka, and Mauritius till 2024," he said.