Thomas Cook - Rights Issue 2008

Thomas Cook India Ltd has informed the Indian stock market that at the meeting of Board of Directors of the Company held on March 23, 2007, it was resolved to issue shares on a rights basis in the ratio of one equity share for every three equity shares held as on the Record Date. The proposed issue size of upto Rs 225 crores. Subsequently, pursuant to the meeting of the Board of Directors of the Company held on October 26, 2007, the Company had intimated to the stock markets that the proposed rights issue of the Company would be deferred till further notice.

The Board of Directors of the Company, vide a circular resolution dated August 26, 2008, have approved to raise funds not exceeding Rs 200 Crore by way of issue of equity shares to the existing equity shareholders of the Company on a "Rights" Basis. The rights ratio, price and other terms of the proposed issue would be decided at a later date. The earlier announced resolution, including the ratio of one equity share for every three equity share held as on the record date stands cancelled.