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Coffee Day says plea filed against firm for insolvency proceedings before NCLT
Last month, the National Company Law Appellate Tribunal had stayed an order of the NCLT that had directed initiation of insolvency proceedings against the firm.
Published on Sep 08, 2023 06:24 PM IST
Sebi slaps ₹26 cr fine on Coffee Day Enterprises, asks to be paid in 45 days
Sebi found diversion of funds amounting to ₹3,535 crore from 7 subsidiaries of Coffee Day Enterprises Ltd (CDEL) to Mysore Amalgamated Coffee Estates Ltd, an entity related to promoters of CDEL, according to its 43-page order.
Updated on Jan 25, 2023 06:28 AM IST
PTI |
Cafe Coffee Day shuts 280 more outlets in April-June quarter
Cafe Coffee Day reported a decline in average sales per day (ASPD) per cafe to Rs 15,445 during the April-June quarter from Rs 15,739 in the corresponding period of the last fiscal.
Updated on Jul 20, 2020 06:08 PM IST
New Delhi |
Press Trust of India | Posted by Kanishka Sarkar
DK Shivakumar’s daughter set to marry CCD founder VG Siddhartha’s son
Amarthya Hegde got engaged DK Shivakumar’s daughter Aishwarya at SM Krishna Residence, Sadashivanagar in Bengaluru on Monday.
Updated on Jun 16, 2020 08:09 AM IST
Bengaluru |
Asian News International
Days after founder V G Siddhartha’s death, Coffee Day Enterprise appoints EY to scrutnize book of accounts
EY will also investigate into the circumstance under which Coffee Day Enterprises late founder V G Siddhartha had written the purported letter dated July 27, 2019, alleging harassment by the Income Tax department.
Updated on Jun 12, 2020 10:17 PM IST
New Delhi |
Press Trust of India
In 2017, CCD founder VG Siddhartha admitted to ₹658-cr ‘unaccounted’ assets: I-T
Siddhartha’s body was found on Wednesday morning from the backwaters of the Netravathi river two days after he went missing. In the letter, he indicated mounting pressure on him to service debts, particularly from a “private equity” partner, who was forcing him to “buy back shares”.
Updated on Aug 04, 2019 09:26 AM IST
Hindustan Times, New Delhi |
Rajeev Jayaswal
Death of Cafe Coffee Day founder reveals strain of India’s cash crunch
VG Siddhartha’s death marks a tragic turn for an admired member of India’s business elite and an executive closely connected to the highest echelons of the political sphere.
Updated on Aug 01, 2019 02:03 PM IST
Bloomberg |
Ari Altstedter
Why the brew turned bitter for CCD founder VG Siddhartha
CCD’s founder Chairman V G Siddhartha was missing, and may have killed himself unable to bear the financial pressure he was under. His body washed up on the shores of Nethravati river early on Wednesday morning. How did things come to such a sorry pass for a man labelled “India’s coffee king?”
Updated on Aug 01, 2019 12:24 PM IST
Hindustan Times, Bengaluru |
HT Correspondent
CCD founder Siddhartha cremated at his coffee estate in Karnataka
Cafe Coffee Day owner V Siddhartha’s last rites was held at one of his coffee estates in Karnataka’s Chikkamagaluru district on Wednesday evening, reported a news agency.
Updated on Jul 31, 2019 07:19 PM IST
Bengaluru |
HT Correspondent
V G Siddhartha: An army aspirant who founded India’s biggest coffee chain
Coming from a family that has a 140-year history of growing coffee, Cafe Coffee Day owner Siddhartha initially dabbled in stock trading before actually setting his foot in the coffee business.
Updated on Jul 31, 2019 09:52 AM IST
Press Trust of India, New Delhi |
Press Trust of India
In the red, VG Siddhartha was struggling to refinance debt
The debt amounted to around ₹2,000 crore and is over and above the consolidated borrowings of Café Coffee Day (CCD) group, which stood at ₹6,547.38 crore as of March, according to the people, who spoke on condition of anonymity, reports Livemint.
Updated on Jun 07, 2020 02:27 AM IST
Hindustan Times, New Delhi |
HT Correspondent
In Vijay Mallya’s tweet on CCD founder Siddhartha, a dig at govt agencies
Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) of defaulting on bank loans to the tune of ₹9,000 crore. He is also facing an extradition trial in the United Kingdom.
Updated on Jun 07, 2020 02:31 AM IST
Hindustan Times, New Delhi | HT Correspondent
Coast Guard deploys ship off old Mangalore port to search for CCD founder VG Siddhartha
ICGS Rajdoot has been tasked to patrol off the old Mangalore Port and maintaining a sharp lookout very close to harbour mouth, while ICGS Savitribai Phule has been kept on standby.
Published on Jul 30, 2019 01:39 PM IST
New Delhi |
Press Trust of India
Need choppers to search for missing CCD founder, say MPs in SOS to Amit Shah
Shobha Karandlaje, who represents Udupi-Chikkamagaluru constituency in the Lok Sabha, also handed over a formal letter requesting central assistance to Shah in this case.
Updated on Jul 30, 2019 12:25 PM IST
Hindustan Times, New Delhi | HT Correspondent
Coffee Day Enterprises writes to BSE, NSE confirming Chairman VG Siddhartha’s absence
Earlier, Coffee Day Enterprises shed 20 per cent to trade at ₹154.05 per share after its founder was reported missing.
Published on Jul 30, 2019 12:21 PM IST
Mumbai |
Asian News International
Café Coffee Day founder goes missing: Here’s his full letter
Café Coffee Day, the main srival of Starbucks in India, was founded by VG Siddhartha in 1993. It has over 1500 cafes across India, the first outlet was opened in Bengaluru.
Updated on Jul 30, 2019 12:22 PM IST
New Delhi | HT Correspondent
‘I have failed... sorry’, wrote CCD founder VG Siddhartha in letter to directors
Cafe Coffee Day founder Siddhartha went missing after asking his driver to drop him off at the Netravathi bridge in Mangaluru as he wanted to take a walk.
Updated on Jun 06, 2020 08:27 PM IST
Hindustan Times, New Delhi |
HT Correspondent
Cafe Coffee Day shares drop 20% after founder VG Siddhartha goes missing
Siddhartha’s driver told police that he asked him to drop him off near the Netravathi bridge in Mangaluru for a walk. When he didn’t come back after an hour the driver contacted police.
Updated on Jul 30, 2019 10:43 AM IST
New Delhi | HT Correspondent
VG Siddhartha founded Starbucks’s Indian rival with 1,500 outlets
V. G. Siddhartha asked his driver to stop his car, before going for a walk near the Southern Indian city of Mangaluru, local police official Jayant Kumar said by phone. The driver informed police when Siddhartha didn’t return after an hour.
Updated on Jul 30, 2019 10:46 AM IST