JPMSL Copthall picks up 1pct stake in Indian travel company Cox & Kings

By VCPOST Staff Reporter

Jan 04, 2014 09:52 AM EST

India's JPMSL Copthall Mauritius Investment Ltd. has picked up a little over a percent stake in Mumbai-based travel company Cox & Kings in the last two trading sessions. Cox & Kings is the longest established travel company in the world, its website said.

According to a report by Moneycontrol, JPMSL Copthall purchased 6,84,216 equity shares in Cox & Kings priced at INR132.74 per share on Friday. The investment firm also acquired 8,13,172 shares priced at INR121.99 apiece on Thursday. The said share purchases were made via block deals on India's National Stock Exchange.

Cox & King's stock is inching towards its 52-week high of INR146.40 touched on March 12, 2013. The travel company rallied more than 16% in the last two consecutive sessions, while it surged 51% in the past three months, the report said.

Shares of Cox & Kings closed at INR136.15, up 11.64% amid large volumes on Friday's trading. Its market capitalization currently stands at INR1,858.83 crore, Moneycontrol said. 

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