Travel and foreign exchange services provider Thomas Cook (India) today said it will raise about Rs 200 crore through rights issue to its existing shareholders.
Thomas Cook (India) would issue equities in the ratio of 35 shares for every 100 share held in the company, it said in a filing to the Bombay Stock Exchange.
Following the announcement, the company's shares surged 9.87% to a high of Rs 50.65 in the afternoon trade on the BSE.
Under the rights-issue plan, Thomas Cook (India) would issue 5.62 cr shares, at a price of Rs 35.50 each, aggregating to over Rs 199.78 cr, the filing said.
The company has fixed December 27 as the record date for the purpose of allotting rights issue. Shares of the company were later trading with a gain of 8.46% at Rs 50 on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app