Stock Report

Thomas Cook India Ltd converts 13,29,37,000 OCCRPS to equity shares



Posted On : 2022-06-20 11:53:52( TIMEZONE : IST )

Thomas Cook India Ltd converts 13,29,37,000 OCCRPS to equity shares

The Sub Committee of the Board of Directors of Thomas Cook (India) Limited (TCIL / the Company), vide its resolution dated June 20, 2022, has approved the conversion of balance 13,29,37,000 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 2,81,05,073 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 442275490 to 470380562 [both inclusive], to those shareholders, who were holding the OCCRPS as on the Record Date of June 17, 2022.

Shares of Thomas Cook (India) Limited was last trading in BSE at Rs. 57.70 as compared to the previous close of Rs. 57.00. The total number of shares traded during the day was 14498 in over 696 trades.

The stock hit an intraday high of Rs. 58.20 and intraday low of 56.35. The net turnover during the day was Rs. 831032.00.

Source : Equity Bulls

Keywords

ThomasCookIndia INE332A01027 OCCRPS Conversion EquityShares