Thomas Cook India Plans To Raise Up To Rs 450 Cr Through Private Placement

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The size of the issue is up to Rs 450 crore subject to the approval of regulatory, statutory authorities and the shareholders of the company

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Thomas Cook | Thomas Cook (India) | Investment

Thomas Cook

FILE PHOTO: The Thomas Cook logo is seen in this illustration photo | Photo: Reuters

Travel services firm India on Saturday said it plans to raise up to Rs 450 crore via issue of Optionally Convertible Cumulative Redeemable Preference shares (OCCRPS) through private placement.

The company's board has approved issuance of up to 45,00,00,000 OCCRPS of face value of 10 each to Fairbridge Capital (Mauritius) Ltd, the promoter of the company, through private placement on a preferential basis, said in a regulatory filing.

The size of the issue is up to Rs 450 crore subject to the approval of regulatory, statutory authorities and the shareholders of the company, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sun, February 21 2021. 06:26 IST