At around 2.56 PM, the Cox & Kings stock was performing at the lower circuit of Rs1.42 per piece down 4.70%.
Meanwhile, Kotak Bank stock was trading at Rs1362.50 per piece higher by 1.43%, while Axis Bank was trading flat Rs433.25 per piece.
According to a Times of India report, A probe has been initiated into two complaints of alleged fraud to the tune of Rs1,204cr against travel company Cox & Kings Limited. The complaints, which have been lodged by two banks - Kotak Mahindra and Axis Bank, are being investigated by the economic offences wing of the city police.
Reportedly, an official of the travel company told the news agency that it was an 'enquiry'.
Notably, the travel firm is already grappled in a preliminary enquiry filed by IndusInd Bank where the latter has alleged default in payment to the tune of Rs239cr from the former's front.