Tour operator Cox & Kings (India) Ltd is planning to revive itself by going for an initial public offering (IPO), which is expected to raise $100 million.

Cox & Kings has already initiated the process for an IPO as the company has filed the preliminary draft red herring prospectus with market regulator Sebi. The company had also tried last year to go for an IPO, but the adverse market conditions had compelled it to drop the idea.

Adani Power, a part of Gautam Adani-led business conglomerate, is all set to sell 337.7 million shares through Initial Public Offer (IPO) with the Indian firm approaching the market regulator SEBI for approval of its plans.

The company is encouraged by recent improvement in stock market conditions in the midst of global financial crisis which plunged the stock market earlier before few months.