Thomas Cook India stock gains after plan to raise Rs 450 crore

Shares of Thomas Cook India rose by nearly 1.7% af ter the travel services firm said it plans to raise Rs 450 crore via the issue of optionally convertible cumulative redeemable preference shares (OCCRPs) through private placement. The company's board of directors has approved the issuance of up to 45 crore OCCRPs of the face value of 10 each to promoter Fairbridge Capital Mauritius Ltd through private placement on a preferential basis, it said.