Fairbridge raises $34m through Thomas Cook India offering
Fairbridge Capital, a subsidiary of Canada's Fairfax Financial Holdings, has reduced its stake in Thomas Cook India from 87.1% down to 75% via an institutional placement program (IPP), which closed on May 8.
The firm raised INR1.85 billion ($34.4 million) from the oversubscribed issue of up to 34.3 million equity shares, priced at INR50.50-53.50 apiece. Shares in Thomas Cook India closed at INR53.35 yesterday....
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