Thomas Cook India has received an approval for raising of up to Rs 300 crore through issue of Non Convertible Debentures (NCDs). The board of directors at its meeting held on December 13, 2016 has approved for the same.
The company has received approval to offer, invite, subscribe, secured or unsecured, redeemable NCDs up to Rs 300 crore, on private placement basis subject to the approval of the members through postal ballot.
Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. The company set up its first office in India in 1881.
