“Despite having issued a clear statement to the journalist Tarun Sharma via an email dated September 23, 2019, that we have received no intimation from the Ministry of Corporate Affairs and have no existing relationship with Aarush Forex Private Limited, a baseless and highly damaging article has been posted that clearly maligns Thomas Cook India,” it added. CLICK HERE TO READ FULL REPORT
In a separate regulatory filing, the company said that since there was no connection whatsoever between Thomas Cook in the UK and Thomas Cook India, "the collapse of Thomas Cook in the UK has no impact whatsoever in terms of ownership, business, people, technology or processes to us at Thomas Cook India".
The management categorically reiterated that it is business as usual for Thomas Cook India which is a completely independent entity, acquired by Canada-based Fairfax Financial Holdings in August 2012 from Thomas Cook in the UK.
At 10:13 am, shares of Thomas Cook India were down 7 per cent at Rs 143, as compared to a 0.28 per cent rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than five-fold with a combined 7,78,173 shares changing hands on the NSE and BSE so far.