Cox & Kings Ltd approves raising of Rs. 1200 crores

The Board of Directors of Cox & Kings Ltd at its meeting held on October 09, 2014, has approved raising of funds for an amount not exceeding Rs. 1,200 crores (Rupees One Thousand Two Hundred Crore only) through issuance of securities including equity shares or equity linked securities, including through a qualified institutions placement under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the "ICDR Regulations"), and/or issuance of Equity Shares through convertible bonds, depository receipts and/or any other instrument convertible or exchangeable into equity shares, and/or other securities with or without warrants, to eligible investors subject to the approval of the members of the Company pursuant to the provisions of Section 62(1)(c) and other applicable provisions of the law.

Shares of Cox & Kings Limited was last trading in BSE at Rs.318.65 as compared to the previous close of Rs. 319.75. The total number of shares traded during the day was 191089 in over 7416 trades.

The stock hit an intraday high of Rs. 331 and intraday low of 316.5. The net turnover during the day was Rs. 62107090.

Source : Equity Bulls

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