Cox & Kings declines on defaulting on commercial papers worth Rs 149 crore

16 Aug 2019

Cox & Kings (India) is currently trading at its lower limit of Rs. 6.93, down by 0.36 points or 4.94% from its previous closing of Rs. 7.29 on the BSE.

The scrip opened at Rs. 6.93 and has touched a high and low of Rs. 7.10 and Rs. 6.93 respectively. So far 2125875 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 211.90 on 31-Oct-2018 and a 52 week low of Rs. 6.93 on 16-Aug-2019.

Last one week high and low of the scrip stood at Rs. 8.07 and Rs. 6.93 respectively. The current market cap of the company is Rs. 122.36 crore.

The promoters holding in the company stood at 39.73%, while Institutions and Non-Institutions held 38.22% and 22.05% respectively.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323