EPISODE · Oct 12, 2019 · 5 MIN
Cox & Kings had Rs. 700 crore in cash yet defaulted
from Gyaan · host Yashika Shah
Cox & Kings (India) Ltd. failed to repay Rs 150-crore debt in June despite having a cash balance of Rs 700 crore just three months earlier. And the defaults continued. Spooked investors began offloading shares, wiping off nearly 90 percent of its market value.
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Cox & Kings had Rs. 700 crore in cash yet defaulted
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This episode is 5 minutes long.
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This episode was published on October 12, 2019.
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Cox & Kings (India) Ltd. failed to repay Rs 150-crore debt in June despite having a cash balance of Rs 700 crore just three months earlier. And the defaults continued. Spooked investors began offloading shares, wiping off nearly 90 percent of its...
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