Thomas Cook India to raise up to Rs 300 cr through NCDs

Travel services provider Thomas Cook India today said its board has approved raising up to Rs 300 crore through private placement of non-convertible debentures.
The board of directors of the company at its meeting held today has "considered and approved to offer, invite, subscribe, secured or unsecured redeemable non convertible debentures up to Rs 3,000 million, on private placement basis...," Thomas Cook India said in a BSE filing.
This is subject to the approval of the members through postal ballot, it added.
The company, however, did not provide any details about what it intends to do with the amount to be raised.

Shares of Thomas Cook India today closed at Rs 189.05 per scrip on BSE, down 0.18 per cent from its previous close.