Thomas Cook (India) Limited (BSE:500413) announced a private placement of up to 45,00,00,000 Optionally Convertible Cumulative Redeemable Preference Shares at a price of INR 10 per share for gross proceeds of up to INR 450,00,00,000 on February 17, 2021. The transaction will include participation from returning investor Fairbridge Capital (Mauritius) Limited. The preference shares shall be converted into equity shares at the option of the company within a period of 18 months from the date of allotment at a price determined as per applicable regulations. The transaction has been approved by the board of directors of the company.