Quess Corp to raise up to Rs 150 cr through issuance of NCDs

Image
Press Trust of India New Delhi
Last Updated : Nov 29 2016 | 9:28 PM IST
Travel services firm Thomas Cook India today said its subsidiary Quess Corp's board has given nod to raise up to Rs 150 crore through issuance of NCDs and other debt instruments.
The board of Quess Corp Ltd has "approved issue of Non-Convertible Debentures (NCDs) and other debt instruments of the company for an aggregate amount up to Rs 150 crore, subject to necessary approvals," Thomas Cook India said in a filing to BSE.
The board also gave nod to subscription to compulsorily convertible preference shares (CCPS) of Manipal Integrated Services Pvt Ltd for Rs 220 crore, it added.
It also approved "acquisition of the facility management business and catering business of Manipal Integrated Services Pvt Ltd, Thoams Cook India said. Subject to necessary approvals.
"Acquisition of 74 per cent equity in Inticore VJP Advance Systems Pvt Ltd" was also approved by the board, it added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 29 2016 | 9:28 PM IST

Next Story