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Cox & Kings inches up on the buzz of plan to raise Rs 350 crore via QIP

17 Sep 2014 Evaluate

Cox & Kings (India) is currently trading at Rs. 333.30, up by 0.15 points or 0.05% from its previous closing of Rs. 333.15 on the BSE.

The scrip opened at Rs. 336.80 and has touched a high and low of Rs. 347.25 and Rs. 330.25 respectively. So far 206945 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 366.30 on 16-Sep-2014 and a 52 week low of Rs. 84.85 on 29-Oct-2013.

Last one week high and low of the scrip stood at Rs. 366.30 and Rs. 294.00 respectively. The current market cap of the company is Rs. 4549.79 crore.

The promoters holding in the company stood at 59.49% while Institutions and Non-Institutions held 24.82% and 14.91% respectively.

Cox and Kings is reportedly planning to raise about Rs 300-350 crore via qualified institutional placements (QIP). Axis Capital is likely to be banker to the QIP. The company is planning to raise capital in a bid to cut debt on books.

Moreover, the company is targeting to become one of the largest leisure travel players globally and is also keen to expand its education tourism business in the other geographies.

Cox & Kings is the longest established travel company in the world since 1758. It operates across 4 continents and 25 countries. In India, Cox & Kings has 12 branch sales offices and 150 Franchisee located across the country.

Cox & Kings Share Price

1.63 0.00 (0.00%)
10-Feb-2022 18:01 View Price Chart
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