Thomas Cook India plans to raise up to Rs 450 cr via preferential issue
By IANS |
Published on
Sun, Feb 21 2021 12:06 IST |
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Rupee. (File Photo: IANS). Image Source: IANS News
Mumbai, Feb 21 : Thomas Cook (India) plans to raise up to Rs 450 crore through preferential issue of Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) to Fairbridge Capital (Mauritius) Limited to the promoter of the company
In a regulatory filing the company has said that the Board of Directors of the company, at its meeting held today, has, inter alia, approved the issuance of up to 45,00,00,000 Optionally Convertible Cumulative Redeemable Preference Shares of face value of Rs 10 each to Fairbridge Capital (Mauritius) Limited, the promoter of the company, through private placement on a preferential basis aggregating upto Rs 450 crore.
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