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Thomas Cook (India) gains 20% as board mulls share buyback

The board of directors of the Company is scheduled to meet on Wednesday, February, 26 to consider and approve proposal for buyback of equity shares of the Company.

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SI Reporter Mumbai
Shares of Thomas Cook (India) were locked in the upper circuit of 20 per cent at Rs 49.30 on the BSE on Thursday after the country’s largest integrated travel services company announced share buyback proposal.

Till 10:47 am, a combined 1.63 million shares changed hands and there were pending buy orders for 755,036 shares on the NSE and BSE.

“The board of directors of the Company is scheduled to meet on Wednesday, 26th February, 2020 to consider and approve proposal for buyback of equity shares of the Company,” Thomas Cook (India) said in an exchange filing.

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