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Cox & Kings slips as IATA terminates its licence to sell tickets

Cox & Kings is currently trading at Rs. 3.86, down by 0.20 points or 4.93% from its previous closing of Rs. 4.06 on the BSE.

The scrip opened at Rs. 4.24 and has touched a high and low of Rs. 4.24 and Rs. 3.86 respectively. So far 415387 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 211.90 on 16-Oct-2018 and a 52 week low of Rs. 3.10 on 11-Sep-2019.

Last one week high and low of the scrip stood at Rs. 4.24 and Rs. 3.61 respectively. The current market cap of the company is Rs. 68.15 crore.

The promoters holding in the company stood at 39.73%, while Institutions and Non-Institutions held 38.22% and 22.05% respectively.

The International Air Transport Association (IATA) has terminated the licence of Cox & Kings to sell tickets and surrender its IATA ID Card. However, the company has requested the IATA authorities to re-instate the company’s IATA License against clearance of dues.

Cox and Kings is engaged in providing travel management solutions. Its services include destination management, outbound tourism, business travel, insurance and conference solutions. The firm also offers domestic holidays, trade fairs, foreign exchange and insurance.

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