Coffee Day News
Blackstone pays first tranche of Rs 150 cr for acquiring Coffee Day's technology park, remainder to be paid in a year
After Blackstone made the payment, it is expected that CDEL's working capital situation may improve and the majority of the proceeds may be utilised to bring down the overall debt of the company.
The forensic report on the death of Cafe Coffee Day owner VG Siddhartha corroborates the suicide theory, Mangaluru Police Commissioner PS Harsha said on Monday
Coffee Day Enterprises Ltd on Tuesday said it is aware of reports questioning the authenticity of the signature on the purported letter written by late founder VG Siddhartha and is cooperating with regulatory authorities in this regard
Coffee Day Enterprises on Wednesday named independent director SV Ranganath as the interim chairman of the company to replace its founder VG Siddhartha, who was confirmed dead, days after he went missing.
CCD founder VG Siddhartha cremated in Karnataka's Chikkamagaluru; probe into death continues, police suspect suicide
Siddhartha's body was traced after 36 hours of an intensive search operation with a letter allegedly written by him to the board of directors and employees of his company Coffee Day Enterprises, showing he was struggling with financial problems due to debt, taxes and share buy backs.
CCD founder VG Siddhartha found dead; LATEST updates: VG Siddhartha’s mortal remains are being taken to his native place, Chethanahalli. The final rites will be conducted at 6.30 pm at his estate.
VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own
V G Siddhartha was listed as the 75th richest man in India in the Forbes billionaire in 2015
VG Siddhartha dead: Politicians, business leaders condole CCD founder's death; netizens reminisce about their go-to cafe
India's biggest coffee chain founder VG Siddhartha's body was found on Wednesday morning after being reported missing mysteriously since Monday night
Shares of Coffee Day Enterprises Ltd dropped 20 percent on Tuesday also after reports surfaced that Siddhartha has gone missing.
VG Siddhartha found dead in Mangaluru: No one was harassed, claims Income Tax dept; CCD founder had tax liability of Rs 447.47 crore
"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 tax liability of Siddhartha was around Rs 447.47 crore and for Coffee Day Enterprises Limited it was around Rs 188.69 crore.
VG Siddhartha dead: Tax and tide turned against CCD founder, but the frothy, aromatic dreams he built will live on
The dizzy rise and the tragic suicide of VG Siddhartha who founded India's Starbucks could be the story of latter-day Bangalore
Siddhartha had left from Bengaluru to Sakleshpur in Hassan district in a car on Monday afternoon, but on the way had asked his driver to go towards Mangaluru, the police said.
Assessing situation after disappearance of chairman VG Siddhartha, taking help of authorities: Coffee Day
Siddhartha, in the said letter, also took sole responsibility of all financial transactions undertaken by the company.
There was no demand made by I-T Department before attaching Mindtree shares and for a “potential” tax demand of Rs 625 crore, shares worth Rs 3,000 crore were attached.
CCD founder VG Siddhartha: Private equity firm KKR 'saddened' by developments; clarifies did not sell any shares to firm after February 2018
In a letter to shareholders, Siddhartha had said he was under tremendous pressure from one of the private equity partners and lenders
CCD share price: Cafe Coffee Day founder VG Siddhartha missing since Monday evening; shares tank 20%
Shares of Coffee Day Enterprises tanked 20 percent and hit the lower circuit limit as well as 52-week low of Rs 154.05 apiece on BSE
VG Siddhartha missing: CCD founder's 'letter' blames his 'failure' on 'pressure' from equity partner, 'harassment' from ex-DG, Income Tax
VG Siddhartha, the founder of India's largest Coffee chain Café Coffee Day, who also owns Asia's single-largest coffee estate, is missing since Monday evening. In a letter, reportedly written by Siddhartha, he blames “serious liquidity crunch”, “harassment from the previous DG income tax” and “pressure from one of the private equity partners forcing me to buy back shares” for his situation.
Full text: Cafe Coffee Day founder VG Siddhartha goes missing; leaves letter to management, staff saying 'I failed as an entrepreneur'
"I am very sorry to let down all the people that put their trust in me," writes Caffe Coffee Day founder VG Siddhartha in letter to board of directors and employees.
Mindtree is in the midst of a takeover battle, with Larsen & Toubro (L&T) seeking to take control of the mid-sized IT firm
L&T concludes 20% stake purchase in Mindtree, will call for shareholders’ meeting on 'governance and inclusion'
L&T has placed orders to mop up an additional 15 percent from the market and is expected to cross 26 percent shareholding in one week