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Ebix acquires corporate travel business of cash-trapped Cox & Kings

The company said it has signed a deal with Cox & Kings to transfer it's business travel agreements with corporates in India with EbixCash's Mercury Travel division

Cox & Kings
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Cox & Kings

Aneesh Phadnis Mumbai
Ebix has acquired the corporate travel business from Cox & Kings for an undisclosed sum.  Ebix announced the transaction on Friday. This is the firm’s second acquisition in recent months, after its purchase of Yatra.com. The firm said it has signed a deal with Cox & Kings to transfer its business travel agreements to the EbixCash’s Mercury Travel division.
 
Meanwhile, the company’s auditor, DTS & Associates, also resigned, citing delays in finalisation of the first quarter result. The International Air Transport Association (IATA) terminated its licence. The firm has delayed salaries and defaulted on loan and vendor payments over

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First Published: Sep 27 2019 | 11:41 PM IST

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