Cox & Kings surges on acquisition of Late Rooms

The company has acquired 100% of the issued and outstanding shares of Late Rooms Ltd (UK) ("LateRooms") for GBP 8.5 million.

Shares of  Cox  & Kings were higher by 2% at Rs. 250. The company  has acquired 100% of the issued  and  outstanding shares of  Late Rooms Ltd (UK)  ("LateRooms") for GBP 8.5 million.

The scrip opened at Rs. 248.5 and has touched a high and low of Rs. 256 and Rs. 248.5 respectively. So far 123663 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4182.92 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 343.9 on 20-Feb-2015 and a 52 week low of Rs. 200.25 on 21-Sep-2015. Last one week high and low of the scrip stood at Rs. 248.8 and Rs. 215.8 respectively.

The promoters holding in the company stood at 48.12 % while Institutions and Non-Institutions held 38.89 % and 12.74 % respectively.

The stock is currently trading below its 200 DMA.