Group pursuant to the acquisition of Cox & Kings (Holdings) Ltd. by National and Grindlays Bank Ltd and increased its focus on the business of travel and tourism. In the 1970s, a change in British banking regulations required Grindlays to sell its non-banking interests, and a partnership between Ajit Kerkar and Anthony Good bought Cox & Kings, which at the time was mainly India-based. Cox & Kings Ltd. got listed and completed a $110 million IPO in December 2009. A GDR float of $65 million was issued in August 2010. The overseas stocks were also listed on the Luxemburg Stock Exchange. The company completed its QIP of $160 million in November 2014. In 1980, Grindlays divested its non-banking activities because of governmental regulations. This business interest in the travel business was bought by ABM Good and John Norman Romney Barber from Grindlays by acquiring Cox & kings (Holdings) Ltd. Cox & Kings Ltd., under its present ownership, as it continued to function as a specialised Tour operator. It also branched out into special interest holidays for artists, botanists and natural historians. In 1980, Reserve Bank of India vide its letter dated 14 May 1980, permitted Cox & Kings (Agents) Ltd., a new company incorporated in the United Kingdom, to transfer the business operations of its branch offices in Bombay (now Mumbai) and New Delhi to Cox & Kings (India) Ltd. Cox & Kings (Agents) Ltd. continued with the business from its head office in London. In consideration of the transfer of the business, Cox & Kings (India) Ltd. issued its shares to Cox & Kings (Agents) Ltd. As a condition of Indianisation imposed by the Reserve Bank of India, Cox & Kings (India) Ltd issued and allotted 60% of the shares to Resident Indians and Staff Gratuity Trust Fund. Cox & Kings opened a USA office in June 1988 in New York, NY, then moved the USA office to Tampa, Florida. Cox & Kings Travel Ltd., UK, a wholly-owned subsidiary of Cox & Kings (UK) Ltd., is an outbound specialist tour operator and caters to the leisure travel market in Europe. Cox & Kings Ltd. (UK) holds 100% of Cox & Kings Travel Ltd. The latter is a dedicated wholesaler of products and services to other tour operators. It also offers ground handling capabilities in select geographies. Cox & Kings Travel Ltd. also holds 100% of East India Travel Company,