Fairbridge Capital (Mauritius) has increased holding in Thomas Cook (India) to 72.34%. The Sub-Committee of the Board of Directors of the Company has approved the conversion of the balance of Rs. 132.9 crore Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) held by Fairbridge Capital (Mauritius) (FCML), Promoters of the Company, into 2.8 crore equity shares. The Company had earlier converted Rs. 302 crore OCCRPS into 6.4 crore equity shares on March 17, 2022.
Consequently, the entire OCCRPS of Rs. 435.7 crore has been converted into 9.2 crore equity shares at Rs. 47.30 per share, thereby increasing the Promoters’ shareholding to 72.34%. The conversion will serve to enhance the long-term capital base of the Company, strengthen the balance sheet and reflects the Promoters’ continued confidence in the Company.
Thomas Cook (India) is India’s leading integrated travel services company.
Company Name | CMP |
---|---|
Transcorp Intl. | 40.41 |
Thomas Cook (India) | 206.55 |
Easy Trip Planners | 46.61 |
Intl Travel House | 748.75 |
Yatra Online | 146.45 |
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