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 Reserve Bank of India, Cox & Kings (India) Ltd issued and allotted 60% of the shares to Resident Indians and Staff Gratuity Trust Fund.