Moneycontrol Bureau
Shares of Cox & Kings gained 3.5 percent intraday Wednesday after the travel company's subsidiary expanded operations in Australia by adding second site.
"PGL, a subsidiary of Holidaybreak, the European Education and Leisure specialist group adds its second site, Camp Rumbug in Australia, as part of its plan to expand in Australia," said the company in its filing to the exchange.
Holidaybreak is a subsidiary of Prometheon Holdings (UK), which is a part of Cox & Kings.
PGL has been operating school camps, adventure centres and retreats in the UK and Europe since 1957. PGL operates 25 centres in the UK, Europe and Australia.
At 14:58 hours IST, the stock was quoting at Rs 268.30, up Rs 2.60, or 0.98 percent on the BSE.
Posted by Sunil Shankar Matkar
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