Thomas Cook India today said it will raise Rs 200 crore by issuing non-convertible debentures (NCDs) on a private placement basis.
The company's board of directors has approved raising of Rs 200 crore by issuance of non convertible debentures (NCDs) on a private placement basis with/without security, Thomas Cook India said in a filing to BSE.
The NCD's are proposed to be issued in one or more tranches with a tenor of 3 years to 5 years, it added.
"NCD's may be secured by charge on movable and/or immovable property (ies) of the company," Thomas Cook India said.
In May this year Thomas Cook Group plc, UK had sold off its entire 77% holding in TCIL for Rs 817.4 crore to Canada based Fairfax Financial Holdings, which later on made an open offer to the non-promoters and post August 14, 2012 to fully acquire TCIL.
Thomas Cook India shares today closed at Rs 60 apiece on BSE, up 0.25% from their previous close.