They would be redeemed out of the profits of the company, Thomas Cook India said in a BSE filing.
The company's board has approved redemption of 12.50 crore non convertible cumulative redeemable preference shares (NCCRPS) of Rs 10 each at par aggregating to Rs 125 crore, along with such dividend as may be due, it said.
These NCCRPS were issued and allotted on a private placement basis and listed with the BSE and NSE, it added.
Shares of Thomas Cook India today closed at Rs 239.70 on BSE, down 1.20 per cent from its previous close.
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