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Cox & Kings defaults on commercial papers worth Rs 149 cr

Press Trust of India  |  New Delhi 

Tours and travel services firm Cox & Kings on Wednesday said it has defaulted on commercial papers worth Rs 149 crore.

The company defaulted on unsecured commercial paper, Cox & Kings said in regulatory filing.

"The company is working closely with its lenders to optimise its strong asset base globally and bring the situation back to normal as soon as possible," it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 14 2019. 22:10 IST
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