Cox & Kings has defaulted on commercial papers worth Rs 149 crore. The company defaulted on unsecured commercial paper. The company is working closely with its lenders to optimise its strong asset base globally and bring the situation back to normal as soon as possible.
Cox and Kings is engaged in providing travel management solutions. Its services include destination management, outbound tourism, business travel, insurance and conference solutions. The firm also offers domestic holidays, trade fairs, foreign exchange and insurance.