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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/-