Recently disclosed earnings data for India’s travel and hospitality service providers highlights the damage that the pandemic is wrecking on the vast sector.
Travel services provider Thomas Cook India has reported widening of consolidated net loss to Rs 20.23 crore for March quarter 2020-21, impacted by the pandemic. The company posted a net loss of Rs 13.90 crore for the year-ago period, Thomas Cook said in a late night regulatory filing on Thursday. Total income from operations stood at Rs 401.64 crore in the quarter under review. It was Rs 1,109.02 crore in the same period a year ago. For 2020-21, the company posted a net loss of Rs 295.19 crore as against a loss of Rs 17.65 crore in the previous year, Thomas Cook India Ltd (TCIL) said.
Thomas Cook India Ltd Q4FY21 consolidated loss at Rs 10 33 crore equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
At meeting held on 02 April 2021The Board of Thomas Cook (India) at its meeting held on 02 April 2021 has approved the preferential allotment of 43,56,57,000 Optionally Convertible Cumulative Redeemable Preference Shares of Face Value Rs. 10 each to Fairbridge Capital (Mauritius) on a private placement basis at a price of Rs. 10 per security for cash, at par, aggregating to
the consideration of Rs. 435.65 crore.
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Thomas Cook (India) Limited allots 43,56,57,000 OCCRPS
Posted On: 2021-04-02 01:12:12 (Time Zone: Arizona, USA)
Pursuant to the approval of shareholders of Thomas Cook (India) Limited at its Extraordinary General Meeting held on 26th March, 2021 and pursuant to the delegation of power granted by the Board of Directors of the Company, the Sub-Committee of Board of Directors of the Company has approved the preferential allotment in terms of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018, as amended from time to time ( SEBI ICDR Regulations ) of 43,56,57,000 (Forty Three Crore Fifty Six Lakh Fifty Seven Thousand) Optionally Convertible Cumulative Redeemable Preference Shares of Face Value Rs. 10/- each (the securities or OCCRPS ) to Fairbridge Capital (Mauritius) Limited on a private placement basis at a price of Rs. 10/- per security for cash, at par, aggregating to the consideration of Rs. 435,65,70,000/-