MUMBAI (Reuters) - Travel operator Cox and Kings (India) Ltd, the parent of UK-based unlisted Cox and Kings, said on Friday it has filed regulatory application for an initial public offering (IPO) of 18.49 million.
The price for the IPO has not yet been decided, it said in a statement.
Cox and Kings Chairman Anthony Good told Reuters in June the company will issue shares equivalent to about 25 percent of the business, and expects to raise about $100 million through the IPO. The proposed issue includes a fresh share offer of 15.45 million shares and an offer for sale of 3.04 million shares by sellers including Deutsche Securities Mauritius Limited and Merrill Lynch Capital Markets Espana, Cox and Kings India said.
The issue would constitute 29.40 percent of the fully diluted post-issue paid up capital, the firm said, adding it was also considering a pre-IPO placement.
India Infoline Limited is the sole book running lead manager to the issue.
Indian firms have raised almost $10 billion by selling shares so far this year, surpassing the money raised in 2008, helped by a 90 percent surge in the BSE index from its March low.
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