Saturday, April 26, 2025 | 09:54 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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

Photo: Bloomberg
Premium

The company, earlier this month, reported a consolidated net loss of Rs 66.23 crore for the third quarter ended December 2020, due to the continued impact of Covid-19

SI Reporter New Delhi
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in