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Press release :  
Cox & Kings Ltd raises Rs 1000 crore through QIP
26th, November 2014

Mumbai, 26th November 2014: Cox & Kings Ltd (CKL), the leading holidays and education travel group with operations in 23 countries across continents has announced that it has raised around 1000 crore through Qualified Institutional Placement (QIP), of equity shares of face value of 5 each.

The Board of Directors at its meeting on November 25th 2014 had approved the issue price at 305 per equity share, which includes 300 per share towards securities premium.

According to Peter Kerkar, Director, Cox & Kings Ltd., ``Bulk of the proceeds will be utilised to pare down the debt and this will further strengthen the Group Balance Sheet.’’

He further adds, ``This reiterates the confidence of large investors spread across the world in growth prospects of Cox & Kings and the travel industry.’’

Cox & Kings remains focused on its Education activity & Leisure business which is expected to grow at double digit rates.

ABOUT COX AND KINGS LTD: (BSE: 533144 | NSE: COX&KINGS)

Cox & Kings Ltd. (CKL) is one of the longest established travel company in the world since 1758. Headquartered in India, it is the leading holidays and education travel group with operations in 23 countries across 4 continents. In India, Cox & Kings has presence in 149 cities across the country.

A premium brand in all travel related services, the business can be broadly categorised as Leisure Travel, Corporate Travel, Education & Activity Travel, MICE, Trade Fairs, Visa Processing and foreign exchange.

CKL is amongst the largest players with its range of specialist options. Innovative packaging, pricing and marketing have been the hallmarks of its success over the years.

In India, the company has a robust domestic business under the brand name Bharat Deko and is a leading MICE operator out of India. CKL is amongst the major Foreign Exchange providers in the country. The Outbound Tours are segregated into Duniya Dekho (escorted tours), FlexiHols (customised tours), Luxury Escapades (unique & luxurious travel) & NRI (catering to Indians across the world).

CKL also owns Holidaybreak, an education and activity travel group based in UK. It has more than 15 long-established and widely recognised brands. Holidaybreak provides educational and activity trips for school children; worldwide adventure holidays; short breaks in the UK and Europe.

Over the years the company has won many awards that stand testimony to its excellent service. Recent awards include “Favourite Outbound Tour Operator” awarded by the Outlook Traveller Awards 2014 to Cox & Kings India, “India’s Leading Tour Operator” & “India’s Leading Travel Agency” awarded by the World Travel Awards 2013, “Best UK operator” awarded by The Travel Weekly Awards 2013 to Superbreak, “Best Company providing Foreign Exchange in India” awarded by the CNBC Awaaz Travel Awards 2013.

CKL is one of the founding members of the World Travel and Tourism Council (WTTC), and are members of premier industry associations namely the Travel Agents Federation of India (TAFI), the Travel Agents Association of India (TAAI), Indian Association of Tour Operators (IATO), European Tour Operators Association (ETOA), and the Pacific Asia Travel Association (PATA).

For further media details, contact:
Thomas C Thottathil, AVP - Corporate Communications; thomasct@coxandkings.com
Praneeta D'Souza, Dy. GM - Corporate Communications; praneeta.dsouza@coxandkings.com
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