AZB & Partners advised the Cox & Kings Limited on demerger of the forex exchange division business of Cox & Kings Limited into the Target. Total consideration was of USD 9.1 million (INR 588.5 million). The turnover of the foreign exchange business for the FY 2016-17 is INR 937.6 million (USD 14.5 million). Concerned team involved Darshika Kothari, Partner; Bhavi Sanghvi, Partner; Molla Hasan, Sr Associate.