Cox and Kings

Cox and Kings to raise Rs. 2,000 crore

Cox and Kings to raise Rs. 2,000 crore

Leading travel firm Cox and Kings (India) has announced that it is going to raise Rs. 2,000 crore in near future. It may follow a mix of equity and debt to raise the fund.

The company is looking forward to fund its expansion plans and acquisitions by such fund rise only. However, Cox and Kings (India) is yet to receive the approval from its shareholders. This fact has been revealed by Chief Financial Officer of Cox and Kings, Mr. Anil Khandelwal.

Cox and Kings (India) net income up by 39%

Cox and Kings (India) net income up by 39%

Travel Company, Cox and Kings (India) has announced its year-end financial results for the fiscal year 2009-10 and it has registered an impressive rise in its net profit and consolidated income. The company has informed that the net profit was Rs 133.84 crore for the year that ended in 31st March, 2010.

The consolidated net profit was reported to be Rs 62.81 crore for the financial year 2008-09. This net profit figure has rose by 113% in this year as compared to the last fiscal. This has been informed by Cox and Kings
(India) in a press release.