AZB and JSA lead on Thomas Cook – Sterling Holiday Resorts Rs. 590 crore merger

Pallavi Saluja February 12 2014

AZB & Partners is acting for tour operator Thomas Cook (India) in its merger with resort owner Sterling Holiday Resorts. J. Sagar Associates advised Sterling Holiday Resorts on the merger valued at Rs. 590 crore ($95 million) in a cash and stock deal.

The AZB team was led by Mumbai Partner Ashwin Ramanathan along with Associates Bhavi Sanghvi and Rinki Ganguli. The JSA team included Partners Sandeep Mehta and Rajesh Pal along with Associate Malav Shah.

The multi-stage deal includes:

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