Thomas Cook to allot preference shares

Thomas Cook India Ltd has announced that the members of the Board has decided to delegate the powers to issue and allot Preference Shares on a preferential basis to a Committee. The Board has also delegated the authority to it, to decide the terms and conditions of such issue / allotment and to do all acts, deeds, matters and things necessary in that respect, to such, the Board did not issue or allot any shares at its meeting held on January 21, 2008. The Company shall keep the Exchange and its members informed on the decision taken by the Committee.

The Board has approved the terms sheets received on January 18, 2008 from The Hongkong & Shanghai Banking Corporation Ltd and HSBC Securities and Capital Markets (India) Pvt Ltd, in the matter of the said issue of Preference Shares on a preferential Basis.

Source : Equity Bulls

Keywords