Cox and Kings files DRHP with SEBI

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New Delhi, Jan 29 (UNI) Leading travel company Cox and Kings (India) Ltd today said it plans to enter the capital market soon with an Initial Public Offering of 8,700,000 equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book building process.

It has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) already, a company statement informed.

The issue would comprise of 8,600,000 equity shares open to the Public and a reservation of up to 1,00,000 equity shares for Permanent Eligible Employees.

''The issue would constitute 23.75 per cent of the fully-diluted post-issue paid up capital of the company and the net issue will constitute 23.48 per cent of the fully-diluted post issue paid-up capital of the company,'' the statement said.

The equity shares are proposed to be listed on the Bombay Stock Exchange of India Ltd (BSE) and the National Stock Exchange Ltd (NSE).

The company is considering a pre-IPO placement of certain equity shares with some investors and will complete the issuance of such shares prior to the filing of the Red Herring Prospectus (RHP) with the Registrar of Companies.

UNI SR PDT ND1828

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