Cox & Kings Financial Services slips after listing on stock exchanges

The company’s board had approved the de-merger of the foreign exchange business into a separate financial services company.

Apr 11, 2019 05:04 IST India Infoline News Service

Stock Trading
Shares of Cox & Kings Financial Services (CKFS), the demerged entity from Cox & Kings, listed on the stock exchanges today.

The company’s board had approved the de-merger of the foreign exchange business into a separate financial services company. One fully paid-up equity shares of Rs10 each of CKFS was credited for every three fully paid-up equity shares of Rs5 each held by its shareholders, whose names had appeared on the record books as on October 28, 2018.

Cox & Kings said in the BSE press note that it has received trading approvals from both BSE and National Stock Exchange of India.

Cox & Kings Financial Service Ltd is currently trading at Rs72.20, down by Rs124.6 or 63.31% from its previous closing of Rs196.80 on the BSE. The scrip opened at Rs76 and has touched a high and low of Rs76 and Rs72.20 respectively.

Meanwhile, the share price of Cox & Kings Ltd is currently trading at Rs136.50, up by Rs2 or 1.49% from its previous closing of Rs134.50 on the BSE. The scrip opened at Rs139.95 and has touched a high and low of Rs139.95 and Rs135.50 respectively.

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