Thomas Cook India Ltd converts 13,29,37,000 OCCRPS to equity shares

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The Sub Committee of the Board of Directors of Thomas Cook (India) Limited (TCIL), vide its resolution dated June 20, 2022, has approved the conversion of balance 13,29,37,000 Optionally Convertible Cumulative Redeemable Preference Shares of ₹10/- each (‘OCCRPS’), into equity shares of the Company having face value of Re. 1/- each and allotted 2,81,05,073 Equity Shares of Re. 1/- each at a conversion price of ₹47.30 (Rupees Forty Seven and Paise Thirty Only) per equity share, i.e. at a premium of ₹46.30 (Rupees Forty Six and Paise Thirty Only) per equity share, bearing distinctive numbers from 442275490 to 470380562 [both inclusive], to those shareholders, who were holding the OCCRPS as on the Record Date of June 17, 2022.

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Shares of Thomas Cook (India) Ltd was last traded in BSE at ₹57.70 as compared to the previous close of ₹57.00. The total number of shares traded during the day was 14498 in over 696 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 58.20
  • Intraday low of ₹ 56.35