Explained: Why SEBI has slapped a Rs 26 crore fine on Coffee Day Enterprises
2 years, 1 month ago

Explained: Why SEBI has slapped a Rs 26 crore fine on Coffee Day Enterprises

Firstpost  

SEBI found diversion of funds amounting to Rs 3,535 crore from seven subsidiaries of Coffee Day Enterprises Ltd to Mysore Amalgamated Coffee Estates Ltd, an entity related to promoters of CDEL New Delhi: Capital markets regulator SEBI on Tuesday imposed a penalty of Rs 26 crore on Coffee Day Enterprises, which runs Cafe Coffee Day, for diversion of funds from subsidiaries to a company related to promoters. Also, SEBI has directed Coffee Day Enterprises Ltd to take all necessary steps for recovery of entire dues from Mysore Amalgamated Coffee Estates Ltd and its related entities along with due interest that are outstanding to the subsidiaries. SEBI found diversion of funds amounting to Rs 3,535 crore from seven subsidiaries of Coffee Day Enterprises Ltd to Mysore Amalgamated Coffee Estates Ltd, an entity related to promoters of CDEL, according to its 43-page order. The seven subsidiaries are — Coffee Day Global, Tanglin Retail Reality Developments, Tanglin Developments, Giri Vidhyuth Ltd, Coffee Day Hotels and Resorts, Coffee Day Trading and Coffee Day Econ.

Coffee Crore Sebi Related Coffee Day Coffee Day Enterprises Cdel Macel Vgs Subsidiaries Coffee Day Enterprises Ltd Mysore Amalgamated Coffee Estates Ltd Seven Subsidiaries  explained  cdel  slapped  26  seven  rs  enterprises  coffee  sebi  crore  related  funds  fine  subsidiaries  day

History of this topic

Coffee Day Enterprises stock jumps 20% after NCLAT sets aside insolvency proceedings
1 week, 6 days ago

Coffee Day Enterprises stock jumps 20% after NCLAT sets aside insolvency proceedings

The Hindu  

Shares of Coffee Day Enterprises, which owns the Cafe Coffee Day chain, on Monday jumped 20% to hit its upper circuit limit after the National Company Law Appellate Tribunal set aside the insolvency proceedings against the company. Last month, the insolvency proceedings against CDEL were resumed as the appellate tribunal NCLAT could not pass the order within the specified deadline …

NCLAT sets aside insolvency proceedings against Coffee Day Enterprises
2 weeks, 3 days ago

NCLAT sets aside insolvency proceedings against Coffee Day Enterprises

Live Mint  

The National Company Law Appellate Tribunal on Thursday set aside insolvency proceedings against Coffee Day Enterprises Ltd, the parent company of Café Coffee Day, dismissing a bankruptcy plea filed by IDBI Trusteeship over an alleged ₹228 crore default. Case history The dispute dates back to September 2023, when IDBI Trusteeship approached the Bengaluru bench of the NCLT seeking insolvency proceedings …

Coffee Day says plea filed against firm for insolvency proceedings by IDBI Trusteeship before NCLT
1 year, 6 months ago

Coffee Day says plea filed against firm for insolvency proceedings by IDBI Trusteeship before NCLT

Hindustan Times  

Coffee Day Enterprises Ltd, the company which operates Cafe Coffee Day outlets, said on Friday that the IDBI Trusteeship Services had filed an application before the National Company Law Tribunal for insolvency proceedings. This comes nearly a month after the National Company Law Appellate Tribunal had stayed an order of the NCLT that had directed initiation of insolvency proceedings against …

Coffee Day bankruptcy process: Application filed under IBC Section 7
1 year, 6 months ago

Coffee Day bankruptcy process: Application filed under IBC Section 7

Live Mint  

As part of the ongoing bankruptcy process of coffee chain firm Cafe Coffee Day, an application has been filed against the company under Section 7 of the Insolvency and Bankruptcy Code. According to a regulatory filing by Coffee Day Enterprises to the stock exchanges September 8, the application is filed by IDBI Trusteeship Services before National Company Law Tribunal for …

Cafe Coffee Day insolvency: NCLAT stays the case, hearing scheduled for Sept
1 year, 7 months ago

Cafe Coffee Day insolvency: NCLAT stays the case, hearing scheduled for Sept

Live Mint  

The Chennai Bench of National Company Law Appellate Tribunal has stayed the admission of corporate insolvency case brought by National Company Law Tribunal Bengaluru against the the coffee chain firm, Cafe Coffee Day on Friday. The NCLT order against CCD has been put on hold until the next hearing of the appeal filed by Malavika Hedge, the former director of …

Cafe Coffee Day parent’s bankruptcy: What’s brewing at Cafe Coffee Global?
1 year, 7 months ago

Cafe Coffee Day parent’s bankruptcy: What’s brewing at Cafe Coffee Global?

Live Mint  

Coffee Day Enterprises Ltd, which primarily manages cafe chain outlets under the Cafe Coffee Day brand, is experiencing financial difficulties and is in the news for rumoured bankruptcy. Lets take a look at some of the key reasons for how Coffee Day Enterprises' peak moments have turned challenging in the recent times; Coffee Day Global NCLT episode On Monday, July …

Sebi Slaps Rs 26 Crore Fine on Coffee Day Enterprises; Here's Why
2 years, 1 month ago

Sebi Slaps Rs 26 Crore Fine on Coffee Day Enterprises; Here's Why

News 18  

Capital markets regulator Sebi on Tuesday imposed a penalty of Rs 26 crore on Coffee Day Enterprises, which runs Cafe Coffee Day, for diversion of funds from subsidiaries to a company related to promoters. Also, Sebi has directed Coffee Day Enterprises Ltd to take all necessary steps for recovery of entire dues from Mysore Amalgamated Coffee Estates Ltd and its …

Sebi slaps ₹26 cr fine on Coffee Day Enterprises, asks to be paid in 45 days
2 years, 1 month ago

Sebi slaps ₹26 cr fine on Coffee Day Enterprises, asks to be paid in 45 days

Hindustan Times  

Capital markets regulator Sebi on Tuesday imposed a penalty of ₹26 crore on Coffee Day Enterprises, which runs Cafe Coffee Day, for diversion of funds from subsidiaries to a company related to promoters. Also, Sebi has directed Coffee Day Enterprises Ltd to take all necessary steps for recovery of entire dues from Mysore Amalgamated Coffee Estates Ltd and its related …

Coffee Day Appoints Malavika Hegde, Wife of Founder VG Siddhartha, as New CEO
4 years, 3 months ago

Coffee Day Appoints Malavika Hegde, Wife of Founder VG Siddhartha, as New CEO

News 18  

Coffee Day Enterprises Ltd, the owner of the Cafe Coffee Day chain, appointed founder and former chairman V.G. In July last year, Coffee Day Enterprises named independent board member S.V. Bengaluru-based Cafe Coffee Day runs hundreds of coffee shops across India that brew cappuccinos and lattes for India’s booming moneyed class and compete with the likes of Starbucks Corp, Barista …

Café Coffee Day case: $270 million missing after founder Siddhartha's suicide
5 years ago

Café Coffee Day case: $270 million missing after founder Siddhartha's suicide

India TV News  

An investigation reveals shocking details into Coffee Day Enterprises Ltd after the death of founder V.G. According to Bloomberg reports, the months-long following the suicide of Siddhartha examined the financial transactions of India’s largest coffee chain and its dealings with dozens of private companies owned by the entrepreneur. Hence it would be premature to speculate on the investigation findings.” The …

Coffee Day investigation reveals about Rs 2,000 cr missing from firm's accounts after death of VG Siddhartha; report likely to be released soon
5 years ago

Coffee Day investigation reveals about Rs 2,000 cr missing from firm's accounts after death of VG Siddhartha; report likely to be released soon

Firstpost  

Over a hundred-page draft report, which is expected to be released soon, mentioned about the financial transactions of Coffee Day and its dealings with dozens of private companies owned by Siddhartha. An investigation of Coffee Day Enterprises reportedly found that about Rs 2,00 crore was missing from the accounts of Bengaluru-based coffee chain after the death of its founder VG …

Coffee Day Enterprises to table probe report on alleged suicide of founder VG Siddhartha soon
5 years, 1 month ago

Coffee Day Enterprises to table probe report on alleged suicide of founder VG Siddhartha soon

Firstpost  

VG Siddhartha was confirmed dead on 31 July, 2019 after his body was found in the Netravati river in Dakshina Kannada district of Karnataka, a day after he went missing Mumbai: Coffee Day Enterprises Ltd on Thursday said a report is likely to be tabled shortly on the investigation into the circumstances that led to the alleged suicide of the …

Trouble brews as key Coffee Day lender Yes Bank stalls Blackstone deal
5 years, 3 months ago

Trouble brews as key Coffee Day lender Yes Bank stalls Blackstone deal

Live Mint  

Mumbai: Coffee Day Group’s proposed sale of its Global Village Technology Park to private equity firm Blackstone Group Llp has hit a hurdle, with the debt-laden group’s largest creditor, Yes Bank, signalling its reluctance to give approval to the ₹2,800 crore deal. Coffee Day Group firms and their promoters have total debts of at least $1 billion and Yes Bank …

Coffee Day Enterprises delays Q2 results: Stakeholders fate hangs in balance with firm's corporate governance and legal breaches
5 years, 4 months ago

Coffee Day Enterprises delays Q2 results: Stakeholders fate hangs in balance with firm's corporate governance and legal breaches

Firstpost  

The financial crunch has exposed Coffee Day Enterprises to continuous exposure of default in payments of its financial dues, which may lead to the Café Coffee Day business assets slipping out of its hands The debt trap purportedly surrounding Coffee Day Enterprises came to light following the unfortunate suicide of VG Siddhartha which again brought issues of transparency and corporate …

Blackstone Group all set to buy Cafe Coffee Day's Global Village Tech Park; firm's debt to come down by more than half post-deal
5 years, 5 months ago

Blackstone Group all set to buy Cafe Coffee Day's Global Village Tech Park; firm's debt to come down by more than half post-deal

Firstpost  

Accordingly, Blackstone and South-based developer Salarpuria Sattva will acquire the 90-acre, technology park held by subsidiary, Tanglin Retail Realty. Blackstone Group is all set to acquire Coffee Day Enterprises arm Global Village Tech Park in Bengaluru in a bid to reduce the parent company’s debt, said a media report. Blackstone Group reportedly inked a definitive pact to buy Coffee Day …

Coffee Day Enterprises ropes in ex-CBI official to scrutinise books of accounts; harassment charges to be probed
5 years, 6 months ago

Coffee Day Enterprises ropes in ex-CBI official to scrutinise books of accounts; harassment charges to be probed

Firstpost  

Earlier, Coffee Day Enterprises had appointed global accounting firm EY to scrutinise the books of accounts of the company and its subsidiaries. New Delhi: Coffee Day Enterprises on Friday said it has decided to engage the services of Central Bureau of Investigation former DIG Ashok Kumar Malhotra to scrutinise the books of accounts of the company and its subsidiaries. Malhotra …

CCD founder’s suicide: Police to probe exact cause
5 years, 6 months ago

CCD founder’s suicide: Police to probe exact cause

Live Mint  

With the final forensic report confirming Cafe Coffee Day founder V.G. Siddhartha's death was suicide, the city police investigating the case has begun the second phase of the probe to find out the exact reason that forced the business magnate to take the extreme step. The Police team was examining the letter written by Siddhartha before he ended his life …

CCD founder V.G. Siddhartha's death: Brewing mystery
5 years, 6 months ago

CCD founder V.G. Siddhartha's death: Brewing mystery

The Hindu  

VEERAPPA Gangaiah Siddhartha Hegde, the 59-year-old billionaire coffee entrepreneur, was not known to be a flamboyant, in-your-face kind of businessman. The swanky Café Coffee Day outlets, with the promise of free Internet, cleanliness and classy service, complemented Bengaluru’s ultramodern look as the Silicon Valley of India. Pressure from private equity players Café Coffee Day may have been his most famous …

How much is Coffee Day worth without its founder V.G. Siddhartha?
5 years, 7 months ago

How much is Coffee Day worth without its founder V.G. Siddhartha?

Live Mint  

Coffee Day Enterprises Ltd had a market capitalization of ₹4,050 crore before news emerged that its founder V.G. Thanks to a strange regulation that disallows free price discovery for certain types of stocks, Coffee Day shares are allowed to fall only at a gradual rate each day by the country’s stock exchanges. The company’s shares fell to ₹40 on that …

Coffee Day to sell tech park to Blackstone
5 years, 7 months ago

Coffee Day to sell tech park to Blackstone

Deccan Chronicle  

Chennai: As part of its efforts to deleverage the group, Coffee Day Enterprises, founded by late V G Siddhartha, has decided to sell off its technology park in Bangalore to US-based asset management company Blackstone for Rs 2,600 – 3,000 crore. The board of directors of the company at their meeting held on Wednesday approved the disinvestment of Global Village …

Coffee Day Enterprises to sell its Bengaluru tech park to Blackstone for up to Rs 3,000 cr to cut debt
5 years, 7 months ago

Coffee Day Enterprises to sell its Bengaluru tech park to Blackstone for up to Rs 3,000 cr to cut debt

Firstpost  

Cafe chain operator Coffee Day Enterprises on Wednesday announced the sale of its Global Village Tech Park in Bengaluru to Blackstone for up to Rs 3,000 crore to cut its debt New Delhi: Cafe chain operator Coffee Day Enterprises on Wednesday announced the sale of its Global Village Tech Park in Bengaluru to Blackstone for up to Rs 3,000 crore …

Coffee Day to sell Global Village Tech Park to Blackstone for up to ₹3,000 crore
5 years, 7 months ago

Coffee Day to sell Global Village Tech Park to Blackstone for up to ₹3,000 crore

Live Mint  

A fortnight after the alleged suicide of Cafe Coffee Day founder VG Siddhartha, the coffeeshop brand's holding company Coffee Day Enterprises Ltd. has decided to sell Global Village Tech Park held by Coffee Day subsidiary Tanglin Developments Ltd. to US-based buyout giant Blackstone Group Llp for a price of ₹2600-3,000 crore, according to an exchange filing. On 9 August Mint …

CCD board meeting: Coffee Day Enterprise appoints EY to scrutnize book of accounts; investigate into VG Siddhartha purported letter
5 years, 7 months ago

CCD board meeting: Coffee Day Enterprise appoints EY to scrutnize book of accounts; investigate into VG Siddhartha purported letter

Firstpost  

New Delhi: Coffee Day Enterprises on Thursday said it has appointed global accounting firm EY to scrutinize the books of accounts of the company and its subsidiaries. Besides, EY will also investigate into the circumstance under which Coffee Day Enterprises late founder VG Siddhartha had written the purported letter dated 27 July, 2019, alleging harassment by the Income Tax department. …

Coffee Day Enterprise appoints EY to scrutnize book of accounts
5 years, 7 months ago

Coffee Day Enterprise appoints EY to scrutnize book of accounts

India TV News  

Coffee Day Enterprise appoints EY to scrutnize book of accounts As per the regulatory filings with stock exchanges and the corporate affairs ministry, Coffee Day Ltd's liabilities had doubled to over Rs 5,200 crore and Siddhartha's unlisted ventures for realty and hospitality were having similar levels of debt. Besides, EY will also investigate into the circumstance under which Coffee Day …

No exposure to any CCD group firms: Tata Capital Financial Services
5 years, 7 months ago

No exposure to any CCD group firms: Tata Capital Financial Services

Live Mint  

New Delhi: Amid talk of financial stress driving founder V.G. Siddhartha to allegedly end his life, the coffee tycoon had repaid all the loans taken from Tata Capital Financial Services and has no outstanding dues to the entity. According to TCFS, it had a maximum exposure of ₹165 crore to Café Coffee Day group in FY2017-18, and that the entire …

In 2017, CCD founder VG Siddhartha admitted to ₹658-cr ‘unaccounted’ assets: I-T
5 years, 7 months ago

In 2017, CCD founder VG Siddhartha admitted to ₹658-cr ‘unaccounted’ assets: I-T

Hindustan Times  

VG Siddhartha, former chairman of Cafe Coffee Day group, in a sworn statement to the income-tax department had “voluntarily” admitted “unaccounted” incomes of over Rs 658 crore on September 23, 2017, and had asked for leniency, according to a statement reviewed by HT. CCD founder VG Siddhartha’s body was found on Wednesday morning from the backwaters of the Netravathi river …

Latest reports reveal CCD's VG Siddhartha was under huge debt
5 years, 7 months ago

Latest reports reveal CCD's VG Siddhartha was under huge debt

Op India  

Data collected from stock exchanges and Ministry Of Corporate Affairs’ filings have unfolded that VG Siddhartha’s debt pile up may have been up to Rs 11,000 crore, a report in Business Today said. As per the Business Today report, though the Coffee Day Enterprises, reported a debt of Rs 6,547 crore as on 31 March 2019, fresh data from Siddhartha …

Coffee Day Enterprises shares tank another 10%; hit lowest trading permissible limit for third day
5 years, 7 months ago

Coffee Day Enterprises shares tank another 10%; hit lowest trading permissible limit for third day

Firstpost  

Shares of Coffee Day Enterprises further plummeted 10 percent to hit its lowest trading permissible limit for the day on Thursday as investor sentiment remained hit for the third consecutive trade amid a slew of negative news surrounding the company New Delhi: Shares of Coffee Day Enterprises further plummeted 10 percent to hit its lowest trading permissible limit for the …

Death of Cafe Coffee Day founder reveals strain of India’s cash crunch
5 years, 7 months ago

Death of Cafe Coffee Day founder reveals strain of India’s cash crunch

Hindustan Times  

Even before the body of coffee-chain tycoon V.G. The body of billionaire Indian coffee magnate VG Siddhartha was found by a river in Mangaluru on July 31 A letter purportedly written and signed by Siddhartha and sent to senior management of Coffee Day Enterprises Ltd. laid out in stark words his struggles with a “serious liquidity crunch” that in turn …

Cafe Coffee Day Founder VG Siddhartha Had Personal Debt of Rs 1000 Crore: Report
5 years, 7 months ago

Cafe Coffee Day Founder VG Siddhartha Had Personal Debt of Rs 1000 Crore: Report

News 18  

Café Coffee Day founder-owner VG Siddhartha, whose body was found in a river in Karnataka on Wednesday — a day after a purported letter written by him surfaced — had a personal debt of Rs 1,000 crore, a report said. According to a report in the Economic Times that cited corporate affairs ministry documents, the debt was primarily raised through …

VG Siddhartha made youngsters fall in love with coffee
5 years, 7 months ago

VG Siddhartha made youngsters fall in love with coffee

Deccan Chronicle  

Mysuru: It was a sad day for Kodagu which contributes 70 percent of coffee production in the entire country with planters mourning the sad demise of Café Coffee Day owner, V.G. Earlier, the coffee board used to manage coffee trade but things changed after Mr Siddhartha pioneered the concept of Café Coffee Day, and created a brand image to popularise …

Corporate India remembers VG Siddhartha as a humble man; asks entrepreneurs not to be discouraged by failures
5 years, 7 months ago

Corporate India remembers VG Siddhartha as a humble man; asks entrepreneurs not to be discouraged by failures

Firstpost  

Industry captains on Wednesday paid rich tributes to VG Siddhartha, founder of India’s biggest coffee chain Cafe Coffee Day, remembering his entrepreneurial spirit and humble nature but also cautioned entrepreneurs not to let failures destroy their self-esteem New Delhi: Industry captains on Wednesday paid rich tributes to VG Siddhartha, founder of India’s biggest coffee chain Cafe Coffee Day, remembering his …

Thousands bid farewell to CCD's Siddhartha at his cremation in Chikkamagaluru
5 years, 7 months ago

Thousands bid farewell to CCD's Siddhartha at his cremation in Chikkamagaluru

Live Mint  

Thousands bid farewell to CCD's Siddhartha at his cremation in Chikkamagaluru 6 Photos. Updated: 31 Jul 2019, 06:20 PM IST Share Via The body of Cafe Coffee Day founder V.G. Siddhartha is transported into an ambulance from the district Wenlock hospital after a post-mortem autopsy in Mangalore on July 31, 2019, before being brought to his hometown Chikkamagaluru for last …

CCD boss Siddhartha to be cremated at his coffee estate in Karnataka
5 years, 7 months ago

CCD boss Siddhartha to be cremated at his coffee estate in Karnataka

India TV News  

The last rites of Cafe Coffee Day founder VG Siddhartha will be performed at one of his coffee estates in Karnataka by Wednesday evening. "Hundreds of people, including women and elders from the surrounding towns and villages, thronged the estate in the Mudigeree taluk for the last glimpse of the coffee baron and pay homage to him," the source said. …

Coffee Day names new interim chairman, to probe past transactions
5 years, 7 months ago

Coffee Day names new interim chairman, to probe past transactions

Live Mint  

Following the death of Cafe Coffee Day Group founder V G Siddhartha, Coffee Day Enterprises Ltd today appointed SV Ranganath as the company’s interim chairman. This comes in the backdrop of certain allegations made by Siddhartha in a purported letter to the company's board before his sudden demise in an alleged suicide attempt. Following a board meeting, Ranganath, who has …

After VG Siddhartha's death, SV Ranganath appointed interim chairman of Cafe Coffee Day
5 years, 7 months ago

After VG Siddhartha's death, SV Ranganath appointed interim chairman of Cafe Coffee Day

India TV News  

After VG Siddhartha's death, SV Ranganath appointed interim chairman of Cafe Coffee Day SV Ranganath has been named the interim chairman of Cafe Coffee Day after the death of VG Siddhartha. SV Ranganath has been named the interim chairman of Cafe Coffee Day after the death of VG Siddhartha. SV Ranganath appointed interim chairman of Cafe Coffee Day SV Ranganath …

VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own
5 years, 7 months ago

VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own

Firstpost  

V G Siddhartha was listed as the 75th richest man in India in the Forbes billionaire in 2015 Missing for over 48 hours, the body of VG Siddhartha, founder of India’s largest coffee chain Cafe Coffee Day, was found on Wednesday morning in Netravati river where the business tycoon was last seen. Income tax troubles In January this year, the …

VG Siddhartha dead: CCD had mounting debt, but facts don’t suggest coffee chain was a failed affair beyond redemption
5 years, 7 months ago

VG Siddhartha dead: CCD had mounting debt, but facts don’t suggest coffee chain was a failed affair beyond redemption

Firstpost  

There are certain things that do not add up well in the parting letter allegedly left behind by the dead founder of Café Coffee Day, VG Siddhartha. The tone and tenor of the letter suggest that he took the extreme step following CCD’s business failure, mounting debt, pressure from lenders and buyback demand from one of the private equity partners. …

VG Siddhartha dead: Politicians, business leaders condole CCD founder's death; netizens reminisce about their go-to cafe
5 years, 7 months ago

VG Siddhartha dead: Politicians, business leaders condole CCD founder's death; netizens reminisce about their go-to cafe

Firstpost  

India’s biggest coffee chain founder VG Siddhartha’s body was found on Wednesday morning after being reported missing mysteriously since Monday night India’s biggest coffee chain, Cafe Coffee Day, founder VG Siddhartha’s body was found on Wednesday morning after being reported missing mysteriously since Monday night. Result of harassment by IT officials & decline of India’s entrepreneurial position turning virulent by …

VG Siddhartha found dead in Mangaluru: No one was harassed, claims Income Tax dept; CCD founder had tax liability of Rs 447.47 crore
5 years, 7 months ago

VG Siddhartha found dead in Mangaluru: No one was harassed, claims Income Tax dept; CCD founder had tax liability of Rs 447.47 crore

Firstpost  

“The investigation had started after a search in September 2017 and VG Siddhartha himself had admitted the income of Rs 362.11 crore and Rs 11.62 crore. Thereafter, income tax investigation wing in appraisal report had estimated undisclosed income of Rs 364.46 crore in case of VG Siddhartha and Rs 118.02 Crore for Coffee Day Enterprises Limited,” sources said, adding that …

Icra puts Coffee Day rating on watch with negative implications
5 years, 7 months ago

Icra puts Coffee Day rating on watch with negative implications

Live Mint  

Mumbai: Credit rating agency Icra on Wednesday put Coffee Day Enterprises Ltd on watch with negative implications, revising the rating from watch with developing implications after the company’s promoter V.G. “The aforesaid development may have a negative impact on the operations of CDEL, the extent of which cannot be ascertained as yet, given the nascent stage of developments,” it said, …

Coffee Day Enterprises shares hit 20% lower circuit on Siddhartha’s death news
5 years, 7 months ago

Coffee Day Enterprises shares hit 20% lower circuit on Siddhartha’s death news

Live Mint  

Shares of Coffee Day Enterprises Ltd hit 20% lower circuit for the second straight day on Wednesday, falling to an all-time low, after owner V.G. The company's shares hit a record low of ₹122.75 on BSE, having slumped over 44% since mid-July. This debt of ₹2,000 crore was over and above the consolidated borrowings of Café Coffee Day group, which …

VG Siddhartha's suicide and perils of entrepreneurship: CCD founder among biz leaders who fell prey to high-pressure job
5 years, 7 months ago

VG Siddhartha's suicide and perils of entrepreneurship: CCD founder among biz leaders who fell prey to high-pressure job

Firstpost  

To the outside world, things weren’t as bad for VG Siddhartha, founder of India’s largest Coffee chain Cafe Coffee Day. VG Siddhartha’s suicide, just as he faced income tax overdue regarding the sale of shares in an IT firm Mindtree, points to the fragile world the wealthiest of individuals live in. To the outside world, things weren’t as bad for …

#RIPSiddhartha: Cafe Coffee Day (CCD) outlets shut for a day
5 years, 7 months ago

#RIPSiddhartha: Cafe Coffee Day (CCD) outlets shut for a day

Live Mint  

Bengaluru: The popular retail chain Cafe Coffee Day decided to shut shop on Wednesday across the country in memory of its founder-chairman V.G. "All our 1,750 retail outlets in about 240 cities will remain shut for the day as a mark of respect to our founder-chairman Siddhartha who is no more," the source told IANS here. "A holiday has also …

After CCD founder VG Siddhartha's death, Coffee Day Enterprises shares further plummet 20%; hit lowest trading permissible limit
5 years, 7 months ago

After CCD founder VG Siddhartha's death, Coffee Day Enterprises shares further plummet 20%; hit lowest trading permissible limit

India TV News  

After CCD founder VG Siddhartha's death, Coffee Day Enterprises shares further plummet 20%; hit lowest trading permissible limit Shares of Coffee Day Enterprises Ltd further plummeted 20 per cent to hit its lowest trading permissible limit for the day on Wednesday after its Chairman and Managing Director V G Siddhartha's body was found. Shares of Coffee Day Enterprises Ltd further …

RIP Siddhartha: CCD outlets across country to shut for a day
5 years, 7 months ago

RIP Siddhartha: CCD outlets across country to shut for a day

India TV News  

The popular retail chain Cafe Coffee Day decided to shut shop on Wednesday across the country in memory of its founder-chairman V.G. "All our 1,750 retail outlets in about 240 cities will remain shut for the day as a mark of respect to our founder-chairman Siddhartha who is no more," the source told IANS here. Offices of the CCD, including …

CCD owner VG Siddhartha’s body found near Mangaluru river 2 days after he went missing
5 years, 7 months ago

CCD owner VG Siddhartha’s body found near Mangaluru river 2 days after he went missing

Hindustan Times  

The body of Cafe Coffee Day founder VG Siddhartha was found from the banks of the Netravathi River in Karnataka’s Mangaluru on Wednesday, two days after he went missing, police said. The 60-year-old Siddhartha had gone missing since Monday evening from the road bridge between Ullal and Mangaluru over the river around 7pm, his driver Basavaraj Patil told the police. …

VG Siddhartha: From Plantation Owner's Son to Coffee King of India, Tracing the Tycoon's Journey
5 years, 7 months ago

VG Siddhartha: From Plantation Owner's Son to Coffee King of India, Tracing the Tycoon's Journey

News 18  

New Delhi: VG Siddhartha, son of a coffee plantation owner, was born in Karnataka’s Chikkamagaluru and started his career as a management trainee trading in Indian stock market at JM Financial under the tutelage of Mahendra Kampani in 1983, after completing his masters’ degree in Mangalore University. It was only in 1992 that Siddhartha started his coffee business Amalgamated Bean …

Coffee Day, Sical stocks hit lower circuit
5 years, 7 months ago

Coffee Day, Sical stocks hit lower circuit

Deccan Chronicle  

Chennai: After Café Coffee Day owner V.G. Siddhartha went missing on Monday evening, the shares of Coffee Day Enterprises and Sical Logistics owned by him hit the 20 per cent lower circuit on Tuesday. Another report says total borrowings of Coffee Day were Rs 6,547.38 crore as of March 2019, up 64 per cent from the previous year. Siddhartha had …

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