New Delhi, June 19 -- Dreamfolks Services share price crashed 4 per cent to Rs.252 apiece on National Stock Exchange in Thursday's trading session. The stock had opened in green in early trading hours, however, slipped into red giving up the gains.

Dreamfolks Services shares saw a significant decline after reports indicated that several leading Indian banks and card networks - such as ICICI Bank, Axis Bank, and Mastercard - are planning to shift away from aggregator DreamFolks Services Ltd and instead form direct alliances with airport lounge operators, with others likely to adopt a similar approach.

On September 22 last year, DreamFolks, a global aggregator of travel and lifestyle services that provides lounge access at multiple airpor...