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Shares of Thomas Cook India continued their rally for the second day today and soared 16 per cent in morning trade following its UK-based parent Thomas Cook Group’s plans to sell 77.1 per cent stake in the company.
After a robust opening, the scrip further jumped 16 per cent to touch a 52-week high of 62.50 on the National Stock Exchange. On the BSE, the stock advanced by 14.81 per cent to touch its early high of Rs 61.75.
In the previous trading session, the scrip had surged 20 per cent on the bourses.
Thomas Cook India Ltd (TCIL) said numerous third parties are interested in buying the stake.
“Following a number of unsolicited informal expressions of interest, we have decided to seek formal offers for our stake in Thomas Cook India,” the filing quoted Thomas Cook Chief Executive, Mr Sam Weihagen, as saying.
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