Thomas Cook India Ltd approves conversion of 302720000 OCCRPS

The Sub Committee of the Board of Directors of Thomas Cook (India) Limited (TCIL / the Company), vide its resolution dated March 17, 2022, has approved the conversion of 302720000 Optionally Convertible Cumulative Redeemable Preference Shares of Rs. 10/- each [OCCRPS], into equity shares of the Company having face value of Re. 1/- each and allotted 64000000 Equity Shares of Re. 1/- each ("Conversion Shares") at a conversion price of Rs. 47.30 (Rupees Forty Seven and Paise Thirty Only) per equity share, i.e. at a premium of Rs. 46.30 (Rupees Forty Six and Paise Thirty Only) per equity share, bearing distinctive numbers from 378275490 to 442275489, to those shareholders, who were holding the OCCRPS as on the Record Date of March 16, 2022.

Shares of Thomas Cook (India) Limited was last trading in BSE at Rs. 67.60 as compared to the previous close of Rs. 65.60. The total number of shares traded during the day was 131705 in over 2039 trades.

The stock hit an intraday high of Rs. 69.75 and intraday low of 64.50. The net turnover during the day was Rs. 8997207.00.

Source : Equity Bulls

Keywords

ThomasCookIndia INE332A01027 Conversion OCCRPS