Cox and Kings in talks for multiple acquisitions
Earlier on Monday the travel operator reported a 30% rise in April-June standalone net profit to 264.7 million rupees.
Cox and Kings Ltd which has received shareholder approval to raise up to 20 billion rupees for overseas acquisitions is "actively working" on multiple acquisitions in US, Europe and China, a senior official said. "In China, we are not going to do a 100% acquisition, we are looking at having a small equity stake," chief financial officer Anil Khandelwal told Reuters on Monday. Earlier on Monday the travel operator reported a 30% rise in April-June standalone net profit to 264.7 million rupees.