Cox & Kings Defaults On Commercial Papers Worth Rs 30 Crore
The backside of the new 2000 rupee note with the Swach Bharat message. (Source: BloombergQuint)

Cox & Kings Defaults On Commercial Papers Worth Rs 30 Crore

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Tours and travel company Cox & Kings (India) Ltd. said it has defaulted on its payment obligation on commercial papers worth Rs 30 crore.

The company has defaulted on payment towards maturity of unsecured commercial paper worth Rs 30 crore, Cox & Kings said in a BSE filing.

"The company is working closely with its lenders to optimise its asset base globally and bring the situation back to normal as soon as possible," the filing added.

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