Thomas Cook gets SEBI’s nod for institutional placement

Thomas Cook (India) has received the nod from the Securities and Exchange Board of India (Sebi)  for raising funds via institutional placement programme (IPP) issue. It is planning to issue up to 34.38 million equity shares, aggregating to 13.89% of its equity share capital by way of an IIP issue.

Thomas Cook is the largest 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.