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COX AND KINGS DEFAULT
PwC to do forensic audit of Cox & KingsAs per the company’s most recent annual report of 2018, total debt stood at Rs 3,983 crore. The bankers now do not trust the company’s audi...
Yes Bank moves in to name wilful defaultersIn July this year, Yes Bank acquired 19% in Cox & Kings by invoking pledged shares. It also picked up 30% in Ezeego One Travel & Tours, a c...
NCLT admits insolvency plea against Cox & KingsThe company said last month that the International Air Transport Association (IATA) had terminated its licence to sell air tickets and aske...
Cox & Kings defaults on payment of CPs worth Rs 30 croreShares of Cox & Kings closed at Rs 4.18 per scrip on the BSE, down 3.46 per cent from its previous close.
Cox & Kings Financial gives up NBFC licenceCox & Kings Financial Service had announced after its board meeting on September 13 that it has decided to surrender its NBFC licence.
Cox & Kings hits lower circuit on fresh payment defaultCare Ratings had already downgraded ratings of the company’s long-term facilities in July.
As Cox & Kings loses value, investors demand answersCox & Kings defaulted on 3 commercial paper offerings despite having cash and cash equivalent of ₹1,890 cr.
Cox & Kings hit fresh all-time low after 4th default in 3 weeksLast week, Cox & Kings defaulted on commercial paper of Rs 125 crore.
Cox and Kings defaults again; shares at record lowOn Tuesday, its shares fell 4.77 per cent to a record low of Rs 19.95.
Care downgrades Cox and Kings rating to ‘default’ gradeOn Wednesday, Cox & Kings defaulted on commercial paper of Rs 125 crore.
TFCI shares crash 20% on company’s exposure to Cox & KingsLast week, Cox & Kings defaulted on payment of commercial papers.
Cox & Kings defaults Rs 50 crore debt papersOut of Rs 65 crore that fell due, the company repaid only Rs 15 crore to investors of CPs.
Cox & Kings to take steps to fix temporary cash flow mismatch; to approach lendersIn a regulatory filing, Cox & Kings said: "The company is taking all required measures to resolve the temporary cash flow mismatch."
Cox & Kings defaults on another CP; faces rating downgradesThe firm defaulted to the extent of Rs 50 crore, out of Rs 65 crore CP maturing on Monday.
Cox & Kings stock hits 10% lower circuit after defaultThe company has cash on books of around Rs 1,800 crore.
Cox & Kings defaults on payments of Rs 150 croreThe company was required to pay Rs 200 crore, however Cox & Kings was able to pay only Rs 50 crore.
Cox & Kings defaults on repaying maturing CPOn Wednesday, Brickwork Ratings downgraded the rating of the company’s NCDs of Rs 50 crore.