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Cox & Kings defaults on payment of CPs worth Rs 30 crore

Shares of Cox & Kings closed at Rs 4.18 per scrip on the BSE, down 3.46 per cent from its previous close.

PTI|
Sep 20, 2019, 08.17 PM IST
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A bond default and stock slump: Where is Cox & Kings headed?
"The company is working closely with its lenders to optimise its asset base globally and bring the situation back to normal as soon as possible," it added.
New Delhi: Tours and travel company Cox & Kings on Friday said it has defaulted on its payment obligation on commercial papers worth Rs 30 crore.

The company has defaulted on payment towards maturity of unsecured commercial paper worth Rs 30 crore, Cox & Kings said in a BSE filing.

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

Shares of Cox & Kings closed at Rs 4.18 per scrip on the BSE, down 3.46 per cent from its previous close.

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Cox & Kings defaults on payments of Rs 150 crore

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