India's largest integrated travel and travel related financial services company, Thomas Cook India Ltd has informed that its board of directors has finally approved raising up to Rs 200 crore via a rights issue of shares.

However, the ratio of the rights and the pricing would be decided later.

The company stated in an official statement that the earlier announced ratio of 1 share for every 3 shares held would stand cancelled.

At 11:52 am, Thomas Cook was quoting at Rs 98.90, up Rs 13.10, or 15.27%. It has touched an intraday high of Rs 101.50 and an intraday low of Rs 84.15.