NEW DELHI, Aug 22 (Reuters) - Indian tour operator Cox &
Kings Ltd said on Wednesday Citigroup's venture
capital arm will invest $137.75 million in its U.K. unit,
sending its shares up 8.2 percent.
The funds will be used to retire the debt Prometheon
Holdings, Cox & King's U.K unit, raised when it bought British
specialist travel company Holidaybreak last July.
The company, the parent of UK-based unlisted Cox and Kings,
gets around half its overall revenue from its international
operations and has been looking at overseas acquisitions to tap
the booming outbound market and drive future earnings growth.