Tour operator Cox & Kings, on Wednesday, agreed to buy British specialist travel company Holidaybreak for 312 million pounds (USD 511.3 million) in an all cash transaction.
The deal is looked upon as a game changer for the India-based company.
Speaking to CNBC-TV18, Peter Kerkar, group CEO at Cox & Kings said the acquisition will be funded via a combination of debt and equity. "We have created a special purpose vehicle (SPV) to fund this acquisition," he informed adding, "
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