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The deceased has been identified as Jaleel, owner of a fancy shop.
Jaleel was at his shop, when two persons allegedly attacked him. He was immediately rushed to a hospital nearby, where he succumbed to injuries.
Police said further investigation is in progress to find the motive behind the killing and those behind it.
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According to police, the movement of people in group of five and more from 6 AM on Sunday to 6 AM on December 27 has been banned in the jurisdiction of Surathkal, Panambur, Bajpe and Kavoor police station limits. However, this will not apply to Christmas celebrations, religious programmes and emergency services, they said.