NEWS| Cox & Kings (India) Limited files DRHP with SEBI to enter capital market soon with IPO

Cox & Kings (India) Limited, one of India's largest tour and travel operator that serves as a 'One Stop Shop' for all travel and travel related products, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market soon with an Initial Public Offering (IPO) of 18,496,640 equity shares of Rs ten each (Equity Shares) for cash at a price  to be decided through a 100 per cent Book─Building Process (the 'Issue').

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 The Issue comprises a Fresh Issue of 15,450,000 Equity Shares and an Offer for Sale of 3,046,640 Equity Shares by Lehman Brothers Opportunity Limited, Deutsche Securities Mauritius Limited and Merrill Lynch Capital Markets Espana, S. A., S. V., (the Selling Shareholders). The Issue comprises a Net Issue of 18,296,640 Equity Shares and a reservation of up to 2, 00,000 Equity Shares for eligible employees (the Employee Reservation Portion).

The Issue will constitute 29.40 per cent of the fully diluted post issue paid up capital of the company and the Net Issue will constitute 29.08 per cent of the fully diluted post issue paid─up capital of the company.

source| travelBizMonitor.com