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Today, Cox & Kings who is 1 of the largest tour& travel operators had launched its IPO (initial public offering) of 18,496,640 number of equity shares. The price band has been fixed at Rs 316 to 330 per equity share& the IPOs issue will open on Nov. 18 2009& subscription will be closed on Nov 20 2009.

The cox king company is planning to set up a central office in Mumbai, which would be funded through IPO. Within next few months, the will focus on technology& product improvement. Even the luxurious train Maharaja’s Express would be launched from January 2010.

Over Rs 610 crores would be raised from the issue, only Rs 509 crores would be for company& the remaining shares would be given to company’s shareholders.
These newly launched equity shares are planned to be listed on Bombay Stock Exchange (BSE)& National Stock Exchange (NSE).

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This entry was posted on Wednesday, November 18th, 2009 at 2:23 am and is filed under India . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.