Cox & Kings is in talks with some private equity funds such as KKR, Bain Capital, Carlyle and TPG to sell a minority stake in its UK subsidiary Prometheon Holdings and raise about USD 140 million, people close to the development have said. According to a Economic Times report by Apurv Gupta, the money will be used to repay debt raised during Cox & Kings' Rs 2,250 crore acquisition of Holidaybreak Plc, the step-down subsidiary of Prometheon Holdings. Anil Khandelwal, Chief Financial Officer of Cox & Kings, however,

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,

Job Description : Looking for Team Leader / Assistant Manager Salary: Not Disclosed by Recruiter Role: Front Office/Guest Relations Executive/Manager Keyskills: Branches, Agents, Airlines, Hoteliers, Designing,

Job Description: Preferred only from Travel Industry. 1.Contracting & Negotiating for rates with overseas supplier 2.Collection of documents for necessary formalities 3.Liaisoning with suppliers, to ensure customer service on road. 4.Comparison of rate contracts, maintaining records of

Job Description: Preferred with Forex Knowledge 1. Responsible to achieve sales targets and maintain high yield revenues. 2. To deal with corporate, Banks, Hospitals, consultants, travel agents, In-House referrals & Insurance sales for bringing business. 3. Undertake regular discussions on changing market trends with the

Tour and travel operator Cox & Kings today reported 52 per cent growth in its net profit at Rs 38 crore for the first quarter ended June 30, over the same period last fiscal.

Desired Candidate Profile

• Designing & costing of itinerary

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

Global travel company Cox and Kings plans to acquire 'suitable players' in the Indian travel and tourism industry, a top official said on Friday.

"We plan to acquire a company as and when the right opportunity comes. This would give a strategic fit for Cox and Kings in India," Cox and Kings India's Director Peter Kerkar told reporters here.

The company has sought the Sebi approval to sell 87 lakh shares of Rs 10 each in the domestic market, diluting 23.48 per cent of the post issue paid-up capital.

The issue comprise a reservation of up to one lakh equity shares for the permanent eligible employees of the company.

Of the total issue, at least 60 per cent of the net issue is to be allocated on a proportionate basis to Qualified Institutional Buyers (QIB) out of which five per cent has been reserved for mutual funds.

Though Kelkar declined to divulge the size of the IPO, the company is understood to have plans to raise around Rs 520 crore from the share sale.

The company has also entered into a partnership with French wax museum, Grevin, for the promotion of tourism between the two countries.

The museum will unveil the wax statue of film star Shah Rukh Khan next month, Peter said.

Cox and Kings has also entered into a tie-up with Indian railways to build a luxury train which will travel from Mumbai and Rajasthan across to Varanasi and Kolkata.

The company has presence in seven countries. In India, the company has 13 offices and has a total headcount of nearly 800.

source| Economic Times