Thomas Cook India Ltd approves redemption of NCCRPS

Thomas Cook India Ltd has approved redemption of 12,50,00,000 Non Convertible Cumulative Redeemable Preference Shares ('NCCRPS') of Rs. 10/- each at par aggregating to Rs. 1,25,00,00,000/- that were issued and allotted on a private placement basis and listed with the BSE Limited and the National Stock Exchange of India Limited bearing BSE Scrip Code - 715022 and NSE Scrip Code - Thomas Cook CRNCPS 8.50% 2022, along with such dividend as may be due. The NCCRPS shall be redeemed out of the profits of the Company.

The Board approved 13th December, 2017 as the Record Date for the purpose of redemption of NCCRPS along with the payment of such dividend as may be due.

The Board also approved 28th December, 2017 or such other date as may be approved by the Stock Exchange(s), as the date for redemption of NCCRPS. The mode of payment for both, the dividend and the redemption proceeds, would be by electronic means.

Shares of THOMAS COOK (INDIA) LTD. was last trading in BSE at Rs.239.7 as compared to the previous close of Rs. 242.6. The total number of shares traded during the day was 21792 in over 514 trades.

The stock hit an intraday high of Rs. 242.3 and intraday low of 235.8. The net turnover during the day was Rs. 5203889.

Source : Equity Bulls

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