Cox & Kings Financial Service Ltd. announced post its board meeting on September 13 that it has decided to surrender its NBFC license.
The company has taken this decision in the wake of ongoing challenges and amid the slowdown in the economy.
Its filing on the NSE said, "...we would like to inform you that , considering the ongoing challenges and slowdown in the NBFC business environment, the Board of Directors of the Company at its meeting held on September 13, 2019 at Mumbai, inter alia, has considered and approved the surrender of NBFC License."
Cox & Kings Financial Service Ltd ended at Rs0.60 up by Rs0.02 or 3.45% from its previous closing of Rs0.58 on the BSE.
The scrip opened at Rs0.60 and touched a high and low of Rs0.60 and Rs0.60 respectively. A total of 48,64,252 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs4.37cr.
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