Thomas Cook India to raise Rs 200 cr via NCD route

NEW DELHI: Thomas Cook India today said it will 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 non convertible debentures (NCDs) on a private placement basis with/without security, Thomas Cook India said in a filing to BSE.

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

"NCD's may be secured by charge on movable and/or immovable property (ies) of the company," Thomas Cook India said.

In May this year 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.

Thomas Cook India shares today closed at Rs 60 apiece on BSE, up 0.25 per cent from their previous close.