Cox & Kings to raise up to Rs 758 cr

Shares slip 2.5% at Rs 141

Tour operator Cox & Kings Ltd plans to raise up to Rs 758 crore ($140 million) from an institutional investor for its UK subsidiary, the company said in a statement.

Cox & Kings will issue shares to the investor for a minority stake in Prometheon Holdings (UK) Ltd, it said.

Cox & Kings shares are down 2.55% at Rs 141.5 in a weak Mumbai market.