Thomas Cook India Ltd shareholders approves preferential issue to Fairbridge Capital (Mauritius) Ltd

The shareholders of Thomas Cook (India) Ltd at the Extra Ordinary General Meeting of the Company held on 26th March 2021, have approved the increase in Authorised Share Capital of the Company from Rs. 4,47,93,00,000/- (Rupees Four Hundred and Forty Seven Crore Ninety Three Lakh only) divided into 1,97,93,00,000 (One Hundred Ninety Seven Crore Ninety Three Lakh) equity shares of Re. 1/- (Rupee One only) each and 25,00,00,000 (Twenty Five Crore) preference shares of Rs. 10/- (Rupees Ten only) each to Rs. 6,97,93,00,000/- (Rupees Six Hundred Ninety Seven Crore Ninety Three Lakh only) divided into 1,97,93,00,000 (One Hundred Ninety Seven Crore Ninety Three Lakh) equity shares of Re. 1/- (Rupee One only) each and 50,00,00,000 (Fifty Crore) preference shares of Rs. 10/- (Rupees Ten only) each by creating additional 25,00,00,000 (Twenty Five Crore) Preference Shares of Rs. 10/- (Rupees Ten only) each and consequential amendment to the Capital Clause in the Memorandum of Association of the Company.

The shareholders also approved the Preferential Issue of Optionally Convertible Cumulative Redeemable Preference Shares to Fairbridge Capital (Mauritius) Limited on a private placement basis.

Shares of THOMAS COOK (INDIA) LTD. was last trading in BSE at Rs.49 as compared to the previous close of Rs. 49.05. The total number of shares traded during the day was 23430 in over 165 trades.

The stock hit an intraday high of Rs. 49.85 and intraday low of 48.8. The net turnover during the day was Rs. 1149822.

Source : Equity Bulls

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