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Ebix, MakeMyTrip in race for Cox & Kings

Aug 06, 2019 - The Economic Times
Mergers and Acquisitions

New Delhi: US-based Ebix Inc and India-headquartered Make-MyTrip Ltd have joined the race to acquire cash-strapped travel company Cox & Kings Ltd, two people familiar with the development told ET. The online businesses are drawn by the prospect of acquiring the high-end, outbound, loyal customers of one of the country's oldest brick-and-mortar travel companies, they said.Talks are being held with Cox & Kings promoter Peter Kerkar, with a little over 21% stake, and Yes Bank, which acquired 18.55%...