UK-based Travel firm Thomas Cook Group Plc's open offer for 20 per cent stake in the domestic travel firm, Thomas Cook (India) Limited will now start on May 16. Thomas Cook plans to invest around Rs 351 crore for the stake in Indian company.

The company today said it has revised the schedule of the open offer, as per which the offer would now remain open from May 16 to June 5. However the other terms and conditions of the offer remained unchanged. The previous dates for the offer were April 22 to May 12.

Thomas Cook UK has offered to acquire 32,795,996 equity shares, representing around 20.4 per cent of the current voting capital of TCIL, at Rs107 per share. Kotak Mahindra Capital Company Ltd is lead manager to the offer.