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Travel services company Thomas Cook (India) has allotted about 3.43 crore equity shares of Re 1 each by way of an Institutional Placement Programme (IPP) on Wednesday, thereby reducing the promoter stake to 75 per cent.
In a filing to the BSE, the company said “Upon issue and allotment of equity shares under the IPP, the promoter, Fairbridge Capital (Mauritius) Ltd’s shareholding in Thomas Cook (India) Ltd has reduced from 87.1 per cent to 75 per cent.”
The company had said a clearing price of the share issue was fixed at Rs 53.50 a share.
The stock of Thomas Cook (India) touched closed at Rs 53.35, down 0.37 per cent from its previous close on the BSE on Wednesday.
> nivedita.ganguly@thehindu.co.in
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