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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.

Men stand outside a Cafe Coffee Day outlet in New Delhi, India.(Reuters file)
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.

The company in consultation with the NSE, is required to appoint an independent law firm to take effective steps for recovery of the outstanding dues.(REUTERS)
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.

Cafe Coffee Day is a brand owned by Coffee Day Global, a step-down company of Coffee Day Enterprises Ltd (CDEL).(HT Photo)
Updated on Jul 20, 2020 06:08 PM IST
New Delhi | ByPress 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.

Karnataka Pradesh Congress Committee (KPCC) chief DK Shivakumar’s daughter got engaged to Cafe Coffe Day founder late VG Siddhartha’s son.(PTI)
Updated on Jun 16, 2020 08:09 AM IST
Bengaluru | ByAsian 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.

The board of the company, in its meeting held on Thursday, also decided to appoint a person of eminence or a reputed firm as strategic corporate advisor.(Mint)
Updated on Jun 12, 2020 10:17 PM IST
New Delhi | ByPress 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”.

CCD founder VG Siddhartha’s body was found on Wednesday morning from the backwaters of the Netravathi river two days after he went missing.(Mint File Photo)
Updated on Aug 04, 2019 09:26 AM IST
Hindustan Times, New Delhi | ByRajeev 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.

The body of billionaire Indian coffee magnate VG Siddhartha was found by a river in Mangaluru on July 31(AFP)
Updated on Aug 01, 2019 02:03 PM IST
Bloomberg | ByAri 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?”

Karnataka Chief Minister BS Yediyurappa pay his last respects to the mortal remains of Cafe Coffee Day founder VG Siddhartha, in Chikmagalur on Wednesday.(Photo: ANI)
Updated on Aug 01, 2019 12:24 PM IST
Hindustan Times, Bengaluru | ByHT 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.

People carry the body of coffee baron V.G. Siddhartha to an ambulance in Mangalore, India, July 31, 2019.(REUTERS)
Updated on Jul 31, 2019 07:19 PM IST
Bengaluru | ByHT 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.

Founded by VG Siddhartha, Cafe Coffee Day is now the largest chain of coffee shops in India, a nation of tea drinkers, with 1,750 cafes in more than 200 cities, including outlets in Prague, Vienna and Kuala Lumpur.(AFP file photo)
Updated on Jul 31, 2019 09:52 AM IST
Press Trust of India, New Delhi | ByPress 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.

26 September 2015, New Delhi: VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets. Photo by Priyanka Parashar/Mint(Photo: Priyanka Parashar/Mint)
Updated on Jun 07, 2020 02:27 AM IST
Hindustan Times, New Delhi | ByHT 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.

Vijay Mallya is also facing an extradition trial in the United Kingdom.(REUTERS FILE PHOTO)
Updated on Jun 07, 2020 02:31 AM IST
Hindustan Times, New Delhi | By

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.

The Indian Coast Guard on Tuesday said it has deployed a ship off the old Mangalore port to search for V G Siddhartha, the founder of the(ANI/Twitter)
Published on Jul 30, 2019 01:39 PM IST
New Delhi | ByPress 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.

BJP MP Shobha Karandlaje meets Union Home Minister Amit Shah, submits a letter to him, seeking help of central government to trace missing founder & owner of Cafe Coffee Day, VG Siddhartha, in New Delhi on Tuesday.(ANI photo)
Updated on Jul 30, 2019 12:25 PM IST
Hindustan Times, New Delhi | By

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.

VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets. Photo by Priyanka Parashar/Mint
Published on Jul 30, 2019 12:21 PM IST
Mumbai | ByAsian 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.

Café Coffee Day, the main srival of Starbucks in India, was founded by
Updated on Jul 30, 2019 12:22 PM IST
New Delhi | By

‘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.

Cafe Coffee Day founder VG Siddhartha went missing from Mangaluru on Monday.(AFP file photo)
Updated on Jun 06, 2020 08:27 PM IST
Hindustan Times, New Delhi | ByHT 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.

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.(AFP)
Updated on Jul 30, 2019 10:43 AM IST
New Delhi | By

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.

26 September 2015, New Delhi: VG Siddhartha chairman of Coffee Day Enterprises that runs Cafe Coffee Day outlets.(Mint photo)
Updated on Jul 30, 2019 10:46 AM IST
ByBloomberg
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