Shares of Jet Airways today fell nearly 4% in morning trade on bourses after reports surfaced that the Ministry of Corporate Affairs has opened a preliminary inquiry into the carrier.

As per the media reports, the Mumbai Registrar of Companies (RoC) will inspect Jet’s books of accounts.

In a regulatory filing, however, the company on Tuesday said it “has not received any communication from the Ministry of Corporate Affairs in this regard”.

The shares of the company opened on a weak note at Rs 297.80, then fell to a low of Rs 289.95, down 3.73% over its previous closing price.

Similar movement was seen on NSE as well, where the stock opened at Rs 297.40, then fell to a low of Rs 289.65, down 3.89% over its last close.

Jet Airways is facing financial stress and on August 9 the company held off from announcing the unaudited financial results for the June quarter. Both BSE and NSE have sought an explanation from the company on this.