The Mumbai office of Khaitan & Co, will advise Cox & Kings in raising Rs. 450 crores ($100 million), valuing India’s premier holiday Company at approximately Rs. 1,600 crore ($355 million)..J. Sagar Associates previously advised Cox & Kings in filing a draft red herring prospectus in January 2008 but the offer was withdrawn due to the prevailing economic conditions..If the current IPO materialises, Cox & Kings will be the third well-known listed company in the travel space, following Thomas Cook and International Travel House..The Mumbai office of Khaitan & Co., will advise Cox & Kings in raising Rs. 450 crores ($100 million), valuing India’s premier holiday Company at approximately Rs. 1600 crore ($355 million). Cox & Kings will dilute about 29% to raise the IPO proceeds. Initially planned for 2005, Cox & Kings have now filed their red herring prospectus with the SEBI..J. Sagar Associates previously advised Cox & Kings in filing a draft red herring prospectus in January 2008 but the offer was withdrawn due to the prevailing economic conditions. If the current IPO materialises, Cox & Kings will be the third well-known listed company in the travel space, following Thomas Cook and International Travel House..Rabindra Jhunjhunwala, Partner at Khaitan & Co., Mumbai, told Bar & Bench that the team advising the issue of the IPO is being led by Capital Markets Partner, Nikhilesh Panchal..Khaitan’s capital markets team have advised a series of IPOs this year, including the offerings made by Mahindra Holidays and Adani Power. They also advised the underwriters in the recently concluded JSW Energy IPO.
The Mumbai office of Khaitan & Co, will advise Cox & Kings in raising Rs. 450 crores ($100 million), valuing India’s premier holiday Company at approximately Rs. 1,600 crore ($355 million)..J. Sagar Associates previously advised Cox & Kings in filing a draft red herring prospectus in January 2008 but the offer was withdrawn due to the prevailing economic conditions..If the current IPO materialises, Cox & Kings will be the third well-known listed company in the travel space, following Thomas Cook and International Travel House..The Mumbai office of Khaitan & Co., will advise Cox & Kings in raising Rs. 450 crores ($100 million), valuing India’s premier holiday Company at approximately Rs. 1600 crore ($355 million). Cox & Kings will dilute about 29% to raise the IPO proceeds. Initially planned for 2005, Cox & Kings have now filed their red herring prospectus with the SEBI..J. Sagar Associates previously advised Cox & Kings in filing a draft red herring prospectus in January 2008 but the offer was withdrawn due to the prevailing economic conditions. If the current IPO materialises, Cox & Kings will be the third well-known listed company in the travel space, following Thomas Cook and International Travel House..Rabindra Jhunjhunwala, Partner at Khaitan & Co., Mumbai, told Bar & Bench that the team advising the issue of the IPO is being led by Capital Markets Partner, Nikhilesh Panchal..Khaitan’s capital markets team have advised a series of IPOs this year, including the offerings made by Mahindra Holidays and Adani Power. They also advised the underwriters in the recently concluded JSW Energy IPO.