The promoter proposes to sell up to 32,000,000 shares in Thomas Cook and has set the floor price for the same at Rs 125/share. The floor price is at a steep discount of 21% to the current market price. On Wednesday, shares of Thomas Cook ended 4.5% lower on the National Stock Exchange at Rs 158.40.
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Council said the proposed development due to its scale, height and massing constitutes an over-bearing, excessive and inappropriate form of development…