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Without divulging details about the $1.2 billion binding bid that Yes Bank received last week, Gill said it was backed by a "large US financial institution."
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Cox & Kings in focus as the company's arm sells 11.58 percent stake in Prometheon Holdings UK to SSG Capital. In an interview to CNBC-TV18, Peter Kerkar, Group CEO of the company discussed this in detail.
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In an interview to CNBC-TV18, Peter Kerkar, Group CEO of Cox & Kings spoke about the results and his outlook for the company.
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Cox & Kings reported a steady set of Q1 earnings. In an interview to CNBC-TV18, Peter Kerkar, Group CEO of the company discussed more about the company's performance.
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Speaking to CNBC-TV18, Peter Kerkar, Chief Executive Officer of Cox & Kings, said November's note ban had diverted business from unorganised players to the white economy.
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Travel company, Cox & Kings saw a 25 percent passenger growth this festive season. Khandelwal says the travel company will continue to grow at 10-15 percent annually.
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Explaining the numbers, Peter Kerkar, Director, Cox and Kings, said that the company had sold two businesses last year as a result of which the revenues were suppressed.
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Anil Khandelwal, CFO, Cox & Kings, says the sale of Explore Worldwide has been taken with an intention to rebalance the company's international business.
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Anil Khandelwal, CFO of Cox & Kings says that LateRooms acquisition will start reflecting in the company's International business going forward.
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Anil Khandelwal, CFO Of Cox & Kings said the ATM withdrawal restrictions in Greece did not apply to tourists.
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Peter Kerkar, director, Cox & Kings expects a double digit growth in education travel sector in the next quarter.
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Cox & Kings-owned Meininger has announced new hotel in Berlin. In an interview to CNBC-TV18, CFO Anil Khandelwal discusses the company‘s future plans.
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A major part of Cox and Kings revenues come from international business segment. Anil Khandelwal, CFO, Cox and Kings expects earnings from international business to grow 18-20 percent in next financial year.
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According to Peter Kerkar, along with ‘Make in India‘ the government is also pushing reforms towards areas like e-visa‘s, visa‘s on arrival which will make tourism attractive for travellers who are looking at India
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Peter Kerkar, Director, Cox & Kings is confident of maintaining the current improved and high level of margins the travel company managed in its second quarter earnings. Cox & Kings impressed the street with the second quarter consolidated net profit growing by a whopping 79 percent year-on-year to Rs 264 crore on forex gain.
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Peter Kerkar, Director of Cox & Kings feels April-October is a strong period for education and camping businesses, which are seasonal in nature.
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Peter Kerkar, ED, Cox & Kings (India) explains to CNBC-TV18 that the company's acquisition of Holidaybreak, a company with strong cash flows, and its foray into education has supported efforts to reduce debt and boost income for the quarter. The company also plans to post a topline revenue of Rs 1,000 crore for FY13.
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CNBC-TV18 catches up with the management of Cox & Kings to discuss the quarterly earnings of the company and get a perspective on the way forward for the company.
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Tour operator Cox & Kings Limited, on Wednesday, agreed to buy British specialist travel company Holidaybreak for 312 million pounds (USD 511.3 million) in an all cash transaction.
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Cox & Kings has reported consolidated a net profit at Rs 23 crore for the quarter ended December 2010 as against Rs 19.3 crore in same period the previous year. Consolidated revenues increased to Rs 108 crore from Rs 78.9 crore.
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In an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, Anil Khandelwal, CFO of Cox & Kings spoke about the latest happenings in his company and the road ahead.
