Cox & Kings

Cox & Kings plans Rs. 2,000-crore acquisition war-chest news

Anil Khandelwal

One of India's oldest travel-related company and also one of the biggest, Cox and King has said that it is looking forward to raise Rs. 2,000 crore. As of now, the company is waiting for the shareholders' nod regarding the same.

The money will be a combination of both debt and equity and will be raised from the domestic as well as overseas sources. It will then be used yo finance the acquisitions of the company.

Cox and Kings feels that this is the right time for the move since the travel industry is now coming out of the shambles because of the recovery phase.

Cox & Kings’ shares outperform the share markets

Cox & Kings’ shares outperform the share marketsCox & Kings India, a tour and travel company with operations in India and UK, has managed decent run during debut on the stocks exchange. The company's shares increased by 30 per cent to close at Rs. 426.05, on the Bombay Stock Exchange as compared to IPO price of Rs. 330.

The performance was good at NSE as well, where the stock closed at Rs. 430 after registering decent volume.

Cox & Kings’ IPO gets ‘Grade 4’ from rating agency CARE

Cox and Kings (India) Limited, one of the India's oldest tour operators, has been assigned an IPO Grading of 4 to its proposed IPO by Rating agency CARE.

The latest grade indicates above average fundamentals. It should be noted that CARE assigns IPO grades on scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.