Thomas Cook India to mop up Rs 200 cr through NCD

SME News, Monday, Dec 03, 2012 11:56:37 AM IST

Muthoot Finance files draft prospectus with stock exchange for NCD issue

India Infoline Finance to raise up to Rs 500 cr from debt market

Fairbridge Capital Mauritius acquires stake in Thomas Cook's India ...

NEW DELHI: Travel firm Thomas Cook India hopes to raise Rs 200 crore by issuing non-convertible debentures (NCDs) on a private placement basis.

The company's board of directors has approved raising of Rs 200 crore by issuance of NCDs on a private placement basis with/without security.

Adding that, NCD's are proposed to be issued in one or more tranches with a tenor of 3 years to 5 years.

“NCD's may be secured by charge on movable and/or immovable property (ies) of the company,” as per the statement issued by the company.

In May 2012, Thomas Cook Group plc, UK had sold off its entire 77 per cent holding in TCIL for Rs 817.4 crore to Canada-based Fairfax Financial Holdings, which later on made an open offer to the non-promoters and post August 14, 2012 to fully acquire TCIL.

next >>

<< previous

Hot Topics

Thomas Cook India to mop up Rs 200 cr through NCD

Other Categories

More ways to get us

Subscribe by E-mail