Mercury Travels Ltd entered into a term sheet agreement to acquire Corporate Travel Business of Cox & Kings Limited (NSEI:COX&KINGS).

Cox & Kings Limited is an India-based travel company. The Company is predominantly engaged in business of tours and travels under leisure segment. The Company operates as a brand in all travel related services, such as destination management, outbound tourism, business travel, incentive and conference solutions, domestic holidays and trade fairs in the Indian subcontinent. The Company offers various principal services, which include destination management, outbound tourism, business travel, incentive and conference solutions, domestic holidays, nonresident Indians (NRIs), trade fairs, foreign exchange and insurance. The Company's offering includes holidays, flights/hotels/cars, business travel services and meetings, incentives, conferences and exhibitions (MICE), and travel services.