Business Standard

Cox & Kings tanks 40% in a week on ratings downgrade, payments default

There were pending sell orders for 5.16 million shares representing 3 per cent of total equity capital of Cox & Kings

stock market
Premium

SI Reporter Mumbai
Shares of Cox & Kings were locked in the 10 per cent lower circuit for the third straight day on Friday to quote at Rs 36 apiece on the BSE after the company defaulted on commercial paper worth Rs 150 crore.

There were pending sell orders for 5.16 million shares representing 3 per cent of total equity capital of Cox & Kings on the NSE and BSE, the exchange data show.

Cox & Kings, which runs the tours and hotels business in India and abroad, was trading at an all-time low, plummeting 40 per cent in past one week. In

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2019 | 9:26 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com