Travel service provider Cox & Kings’ board has approved an investment from an institutional investor of $140 million at Prometheon Holdings (UK), a wholly owned subsidiary of the Company. The investment will involve a minority stake for fresh capital issued to the prospective investor. The investment is subject to receipt of all regulatory approvals, if required, and execution of definitive agreements.
Earlier in April, the company had announced that it is likely to start Nostro operations by May-end as it got license from the RBI for using foreign currency account.
Cox & Kings is one of the oldest and recognized holiday brands that cater to the overall travel needs of an Indian and International traveller. It is one of the India’s largest tour and travel operator that serve as a ‘One Stop Shop’ for all travel and travel related products.
