<p>Cox & Kings (India) Ltd. failed to repay Rs 150-crore debt in June despite having a cash balance of Rs 700 crore just three months earlier. And the defaults continued. Spooked investors began offloading shares, wiping off nearly 90 percent of its market value.</p>

Cox & Kings (India) Ltd. failed to repay Rs 150-crore debt in June despite having a cash balance of Rs 700 crore just three months earlier. And the defaults continued. Spooked investors began offloading shares, wiping off nearly 90 percent of its market value.

<p>Cox &amp; Kings (India) Ltd. failed to repay Rs 150-crore debt in June despite having a cash balance of Rs 700 crore just three months earlier. And the defaults continued. Spooked investors began offloading shares, wiping off nearly 90 percent of its market value.</p>

Cox & Kings had Rs. 700 crore in cash yet defaulted

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Cox & Kings had Rs. 700 crore in cash yet defaulted

Cox & Kings had Rs. 700 crore in cash yet defaulted