Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Thomas Cook India board approves Rs 150 cr share buyback

Feb 28, 2020, 20:38 IST

PTI

New Delhi, Feb 28 () Travel services provider Thomas Cook India on Friday said its board has approved a share buyback programme for a total consideration of up to Rs 150 crore.

The board of directors of the company at its meeting held on Friday approved buyback of around 2.60 crore fully paid up equity shares of Re 1 each at a price of Rs 57.5 per share, Thomas Cook India said in a regulatory filing.

The number of equity shares proposed to be bought back represent 6.9 per cent of total paid up equity capital of the company as on December 31, 2019, it added.

The company has set March 7 as the record date and all those who hold equity shares as on the record date shall be eligible for the buyback, it said. RKL ABM

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)