Thomas Cook (India) Limited allots 43,56,57,000 OCCRPS

Pursuant to the approval of shareholders of Thomas Cook (India) Limited at its Extraordinary General Meeting held on 26th March, 2021 and pursuant to the delegation of power granted by the Board of Directors of the Company, the Sub-Committee of Board of Directors of the Company has approved the preferential allotment in terms of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018, as amended from time to time ("SEBI ICDR Regulations") of 43,56,57,000 (Forty Three Crore Fifty Six Lakh Fifty Seven Thousand) Optionally Convertible Cumulative Redeemable Preference Shares of Face Value Rs. 10/- each (the "securities" or "OCCRPS") to Fairbridge Capital (Mauritius) Limited on a private placement basis at a price of Rs. 10/- per security for cash, at par, aggregating to the consideration of Rs. 435,65,70,000/- (Rupees Four Hundred Thirty Five Crore Sixty Five Lakh and Seventy Thousand only).

The OCCRPS so allotted on preferential basis shall be subject to lock-in for such period as may be prescribed under the SEBI ICDR Regulations, from time to time.

Post this allotment, the paid up equity share capital of the Company is Rs. 37,82,75,489 divided into 37,82,75,489 equity shares of Re. 1/- each fully paid up and the paid-up preference share capital of the Company is Rs. 435,65,70,000/- divided into 43,56,57,000 optionally convertible cumulative redeemable preference shares of Rs. 10 each fully paid up.

Shares of THOMAS COOK (INDIA) LTD. was last trading in BSE at Rs.49.25 as compared to the previous close of Rs. 49.15. The total number of shares traded during the day was 53211 in over 465 trades.

The stock hit an intraday high of Rs. 50.25 and intraday low of 48.75. The net turnover during the day was Rs. 2639246.

Source : Equity Bulls

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