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25-May2018

Cox & Kings shines on its arm getting NBFC license from RBI

Cox & Kings (India) is currently trading at Rs. 221.85, up by 14.50 points or 6.99% from its previous closing of Rs. 207.35 on the BSE.

The scrip opened at Rs. 209.00 and has touched a high and low of Rs. 236.95 and Rs. 209.00 respectively. So far 93719 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 305.50 on 27-Jul-2017 and a 52 week low of Rs. 203.55 on 17-May-2018.

Last one week high and low of the scrip stood at Rs. 236.95 and Rs. 204.75 respectively. The current market cap of the company is Rs. 3994.78 crore.

The promoters holding in the company stood at 49.34%, while Institutions and Non-Institutions held 40.69% and 9.97% respectively.

Cox & Kings' wholly owned subsidiary - Cox & Kings Financial Service has received a Non-Banking Finance Company (NBFC) license from Reserve Bank of India (RBI).

Cox & Kings Financial Service proposes to carry on the business of holiday financing, student loan financing and other non-banking financial service activities and a foreign exchange business.

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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