At around 2.48 pm, Cox & Kings was trading at an intraday high of Rs1.45 per piece up 3.57% on NSE.
NSE sought clarification over recent news item captioned ED arrests Cox and Kings promoter Peter Kerkar in money laundering case.
The response from the company is awaited.
According to an Indian Express article, the company owes Rs5,500cr to banks and financial institutions and it is one of the top borrowers of Yes Bank when co-founder Rana Kapoor was the helm.
It is being reported that Yes Bank has an exposure of over Rs2,267cr to Cox & Kings.