Cox and Kings IPO
Cox and Kings (India) Ltd, a travel operator unit of UK-based unlisted Cox and Kings, informed to media on Friday 21 Aug 09 that it has filed an application with SEBI for an initial public offering (IPO) of 18.49 million shares. The price for the IPO has not yet been decided. The company will issue shares equivalent to about 25 percent of the business, and expects to raise about $100 million through this IPO.
India Infoline Limited is the sole book running lead manager to the issue. Indian firms have raised almost $10 billion by selling shares so far this year, surpassing the money raised in 2008.
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