In February 2021, the EOW registered an offence against Cox & Kings Financial Services Ltd (CKFSL), a sister concern of Cox & Kings, for defrauding Yes Bank of nearly Rs 400 crore.
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"The re-organisation will help the firm streamline the sourcing function and service each of the business units better," said a person privy to the restructuring declining to be identified. The move comes at a time when the manufacturer of XUV700 and Thar has been struggling to align production with demand amid shortage of critical parts. Robust demand for its range of newly launched SUVs swelled the company s order book to 292,000 units as of May 1, 2023.