 "Cox & Kings")
Shares of Cox & Kings were trading higher by 3% at Rs 255 on the BSE in early morning trade after the company engaged in travel support services business announced that it has acquired UK-based hotel booking website LateRooms.com from travel major TUI Group for GBP 8.5 million (around Rs 85 crore).
LateRooms, a hotel booking specialist in the UK, claims to have 150,000 properties around the world on its portfolio, with a user base of 3.5 million. It had 93 million online visits in the financial year ending September 30, 2015 generating transaction volume of GBP 300 million (around Rs 2,982 crore) and net revenues of GBP 50 million (around Rs 497 crore). LateRooms also owns various brands and domain names including AsiaRooms.com, Cox & Kings said in a statement.
The stock hit a high of Rs 256 on the BSE so far. A combined 111,524 shares changed hands on the counter on the BSE and NSE till 09:24 am.
LateRooms, a hotel booking specialist in the UK, claims to have 150,000 properties around the world on its portfolio, with a user base of 3.5 million. It had 93 million online visits in the financial year ending September 30, 2015 generating transaction volume of GBP 300 million (around Rs 2,982 crore) and net revenues of GBP 50 million (around Rs 497 crore). LateRooms also owns various brands and domain names including AsiaRooms.com, Cox & Kings said in a statement.
The stock hit a high of Rs 256 on the BSE so far. A combined 111,524 shares changed hands on the counter on the BSE and NSE till 09:24 am.
The S&P BSE Sensex was down 0.14% at 26,877 points.
