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Saving Thomas Cook (India) during Covid brings $7 million gain to another Prem Watsa group firm

IndiaTimes Monday, 4 December 2023
Fairbridge Capital (Mauritius) Limited (FCML) on Monday said it has completed an offer for sale (OFS) of four crore equity shares of Thomas Cook (India) Ltd (TCIL) valued at Rs 558 crore. Part of Indian-Canadian billionaire businessman Prem Watsa’s Fairfax group, FCML had in March 2021 infused $60 million into TCIL to help it survive the disruption caused by Covid. With travel recovering now post pandemic, the OFS has resulted in FCML getting back $67.2 million.
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