Page 2 - Cox & Kings

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

Indian firm Cox & Kings weighs sale of European hotel chain to cut debt

Shares of Cox & Kings, which defaulted on some of its borrowings earlier this year, have fallen 98% over the last 12 months to give it a market value of about $11 million

Cox & Kings-owned booking website, travel firm in the UK shut down

Booking website LateRooms and holiday firm Superbreak ceased operations on Thursday after their parent, Malvern Group, declared insolvency

YES Bank acquires 18.55% stake in Cox & Kings, now 2nd-largest shareholder

Cox & Kings has been facing a liquidity crisis, resulting in loan defaults and rating downgrades in the past few months

Cox & Kings announces fresh Rs 174-cr default; independent director quits

The tour operator informed the stock exchanges that Bhargava resigned with effect from Tuesday due to personal commitments

IATA can encash bank guarantees provided by Cox & Kings: Bombay HC

The tour operator had moved Bombay High Court earlier in the month and secured an interim relief against invocation of bank guarantees

Bombay High Court allows IATA to encash Cox & Kings bank guarantees

Last month IATA suspended Cox & Kings from selling airline tickets on credit after it defaulted on commercial paper payments

Promoter stake in Cox & Kings down to 39% over payments default

This came in the wake of the default on commercial paper payments and rating downgrades in recent weeks

Cox & Kings slips to new low, hits lower circuit for 19th straight day

According to June shareholding pattern filed by Cox & Kings, the promoters' holding in the company declined to 39.73 per cent from 49.80 per cent at the end of March 2019 quarter.

Cox & Kings hits fresh low after fourth default in three weeks

The firm said it has also failed to pay the interest of over Rs 41 lakh on secured redeemable non-convertible debentures worth Rs 50 crore in timely manner

Cox & Kings hits lower circuit for 12th straight day on another CP default

The stock was trading at new low of Rs 23, and has tanked 54 per cent during the period from level of Rs 50 on June 25.

In third default in 14 days, Cox & Kings misses Rs 125-cr debt payments

The tour operator has been facing a cash crunch resulting in delays in salaries and vendor payments

Thomas Cook says it's bullish about travel biz and open to new investments

The tour operator issued a statement on Tuesday in the backdrop of financial crisis faced by rival firm Cox & Kings

Cox & Kings initiates legal action against IATA; ezeego1 laying off staff

IATA decided to review the tour operator's credit worthiness on June 28 after it defaulted on commercial paper payments of Rs 150 crore

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans

Cox & Kings seeks lenders help to ease cash crunch after another default

Credit rating agencies Brickworks and CARE Ratings once again downgraded the company's debt following latest default

Cox & Kings default on commercial paper stumps the Street and experts

Unsurprisingly, the share price has lost 83 per cent since its high in November last year, half the loss coming over the past week

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

Cox & Kings defaults on payments of Rs 150 crore, stock plummets 10%

Cox & Kings, which runs the tours and hotels business in India and abroad, has been downsizing its operations since the past few years to pare back its debt

Cox & Kings hits lower circuit for 2nd straight day, tanks 57% in a month

Brickwork Ratings downgraded the credit rating of NCD issue which highlighted delays in debt reduction and an increase in receivables