Thomas Cook extends gains to 3rd day, jumps 6% on plans to raise Rs 450 cr

The travel services firm said it plans to raise up to Rs 450 crore via the issue of Optionally Convertible Cumulative Redeemable Preference shares (OCCRPS) through private placement

Shares of Thomas Cook (India) extended their winning run to the third straight session on Monday as they rose by 6 per cent in intra-day trade to Rs 50.25 on the BSE following the firm's fund-raising plans. In the three days, shares of the firm have added over 10 per cent.

The travel services firm on Saturday said it plans to raise up to Rs 450 crore via the issue of Optionally Convertible Cumulative Redeemable Preference shares (OCCRPS) through private placement.

The company's board approved the issuance of up to 45,00,00,000 OCCRPS  of the face value of 10