Cox & Kings locked at lower circuit on payment default

Shares of Cox & Kings locked at 5 percent lower circuit after company defaulted on payment towards the commercial papers.

The company has defaulted on repayment of Rs 10 crore on commercial papers due on July 29.

It has touched a 52-week low of Rs 11.50.

There were pending sell orders of 2,925,753 shares, with no buyers available.

At 12:21 hrs Cox & Kings was quoting at Rs 11.50, down Rs 0.60 on the BSE.Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.

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