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Another Cox & Kings default drags stock to fresh all-time low

This is the second default by the company. Last week, it defaulted on a commercial paper of Rs 150 crore

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Illustration by Binay Sinha

1 min read Last Updated : Jul 02 2019 | 11:05 AM IST

Cox & Kings shares were locked in the 5 per cent lower circuit in the early trade on the BSE on Tuesday to quote at an all-time low price of Rs 32.95 apiece after it defaulted on Rs 50 crore commercial paper. The stock has now fallen for six consecutive trading sessions.

There were pending sell orders for 3.9 million shares of Cox & Kings on the BSE, the exchange data show.

The tour operator issued a statement on Monday after defaulting on Rs 50 crore commercial paper. This is the second default by the company. Last week, it defaulted

Topics : Buzzing stocks

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