Tour operator Cox & Kings plans to raise up to USD 140 million from an institutional investor for its UK subsidiary, the company said in a statement.
Cox & Kings will issue shares to the investor for a minority stake in Prometheon Holdings (UK) Ltd, it said.
At 0423 GMT, shares in Cox & Kings,
which also has operations in the United States, Australia, Germany, Hong Kong, Greece and Singapore, were down 2.55 per cent at Rs 141.5 in a weak Mumbai market.
Click here to see the original article>which also has operations in the United States, Australia, Germany, Hong Kong, Greece and Singapore, were down 2.55 per cent at Rs 141.5 in a weak Mumbai market.