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Cox & Kings Defaults On Commercial Papers Worth Rs 149 Crore

Tours and travel services firm Cox & Kings on Wednesday said it has defaulted on commercial papers worth Rs 149 crore.

PTI
An employee counts rupee currency notes inside a private money exchange office in New Delhi. Image used for representational purposes only.

Tours and travel services firm Cox & Kings (India) Ltd.on Wednesday said it has defaulted on commercial papers worth Rs 149 crore.

The company defaulted on unsecured commercial paper, Cox & Kings said in regulatory filing.

“The company is working closely with its lenders to optimise its strong asset base globally and bring the situation back to normal as soon as possible,” it said.

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