Post the announcement of acquisition of IKYA Human Capital Solutions Private Limited by Thomas Cook (India) Limited (TCIL) (intimated to the stock exchanges vide letter dated February 05, 2013), CRISIL has reaffirmed the long term rating assigned to bank facilities of TCIL at "AA-/ Stable" while also reaffirming the short term rating assigned to bank facilities at "A1+".
Further to the Board's approval at its meeting held on November 30, 2012, for issue of Non Convertible Debentures (NCD's) of upto Rs. 200 crore on a private placement basis in one or more tranches (intimated to the stock exchanges vide letter dated November 30, 2012) the Company has now planned to issue NCD's of upto Rs. 100 crore. CRISIL has assigned 'CRISIL AA-/ Stable' rating to Thomas Cook (India) Limited's NCD programme. Also, ICRA has assigned a long-term rating of [ICRA] AA-/ Stable' to TCIL's proposed NCD programme.
Shares of Thomas Cook (India) Ltd last traded in BSE at Rs.50, down by Rs.0.75 or 1.48%. The stock hit an intraday high of Rs.52.20 and low of Rs.50.
The total traded quantity was 0.18 lakhs compared to 2 week average of 0.26 lakhs.