The Board of Directors of Cox & Kings Ltd at its meeting held on October 15, 2018 have fixed the Record Date as October 26, 2018 for the purpose of determining the list of shareholders who are entitled to receive the shares in Cox & Kings Financial Service Limited, (CKFSL/ the Resulting Company) pursuant the Demerger scheme approved by NCTL.
Pursuant to the Share Entitlement Ratio under the Scheme, 1 (one) fully paid up equity share of Rs. 10 each of the Resulting Company shall be credited for every 3 (three) fully paid equity share of Rs. 5 each held by the shareholder of the Company on the record date. The fractional entitlements, if any, by the Resulting Company, to the Shareholders of the Company shall be rounded off to the nearest integer.
The equity shares will be credited to those Members whose names appear as Beneficial Owners on the Company's Register of Members and to the beneficial owners, whose particulars are furnished by the Depositories as on 26th October, 2018.
Shares of Cox & Kings Limited was last trading in BSE at Rs.202.5 as compared to the previous close of Rs. 196.8. The total number of shares traded during the day was 3503 in over 107 trades.
The stock hit an intraday high of Rs. 202.9 and intraday low of 199.9. The net turnover during the day was Rs. 706237.