Foreign institutional investors (FIIs) have reduced their stake in Cox & Kings by 95 basis points to 33.84% in Q2FY16 from 34.79% in Q1FY16. Moreover, the domestic institutional investors (DIIs) have trimmed their stake in the company by 13 basis points to 3.97% at the end of September 2015 quarter from 4.1% as on June30, 2015. On the other hand, Promoters have increased their shareholding by 61 basis points to 48.73% at the end of September 2015 quarter from 48.12% as on Jun 30, 2015.
Meanwhile, Non Institutions were holding 13.16% stake at the end of September 2015 quarter, up 42 basis points from 12.74% as on Jun 30, 2015. Corporate bodies were holding 7.53% stake at the end of September 2015 quarter, up 93 basis points from 6.6% as on Jun 30, 2015.
Cox & Kings is the longest established travel company in the world since 1758. The company's business can be broadly categorised as Leisure Travel, Corporate Travel, Forex and Visa Processing. The company also provides value added services such as customising travel plans for the NRI customers, travel arrangements for Trade Fairs, providing private air charter services, etc.
