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Travel services provider Cox & Kings gained over 4 per cent on the bourses today on the company’s plans to raise up to $140 million (about Rs 756 crore) from an institutional investor for its wholly owned subsidiary Prometheon Holdings (UK) Ltd.
In line with a strong stock market, shares of the company opened the day on a robust note and further gained 4.66 per cent to Rs 150.40 on the BSE.
At the NSE, the stock rose by 4.53 per cent to Rs 150.85.
The Board of Directors of the company at meeting held on May 15, 2012, considered and approved the investment of $140 million by an institutional investor.
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