Shuja Kushalappa suffered bullet-grazing wounds on his neck and left hand while sitting in his car in the town when four unidentified assailants allegedly opened fire at him, Kodagu Superintendent of Police M N Anucheta said.
The incident occured near the Sub-Registrar's office.
Local people rushed him to a hospital and later to a private hospital in Mysore, Anucheta said, adding, "he is out of danger and recuperating". Preliminary investigation revealed that the incident had its genesis to old rivalry with Kushalappa, Anucheta said.
Police have formed three teams to nab the assailants, he said.