Quess Corp to raise up to Rs 150 cr through issuance of NCDs

Travel services firm Thomas Cook India today said its subsidiary Quess Corp's board has given nod to raise up to Rs 150 crore through issuance of NCDs and other debt instruments.
The board of Quess Corp Ltd has "approved issue of Non-Convertible Debentures (NCDs) and other debt instruments of the company for an aggregate amount up to Rs 150 crore, subject to necessary approvals," Thomas Cook India said in a filing to BSE.
The board also gave nod to subscription to compulsorily convertible preference shares (CCPS) of Manipal Integrated Services Pvt Ltd for Rs 220 crore, it added.
It also approved "acquisition of the facility management business and catering business of Manipal Integrated Services Pvt Ltd, Thoams Cook India said. Subject to necessary approvals.

"Acquisition of 74 per cent equity in Inticore VJP Advance Systems Pvt Ltd" was also approved by the board, it added.