Coffee Day

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Coffee Day - Total results - 24
Blackstone pays first tranche of Rs 150 cr for acquiring Coffee Day's technology park, remainder to be paid in a year
Business

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.

CCD founder VG Siddhartha's forensic report corroborates suicide theory, says police
India

CCD founder VG Siddhartha's forensic report corroborates suicide theory, says police

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

Aware of reports questioning authenticity of VG Siddhartha's signature: Coffee Day Enterprises
Business

Aware of reports questioning authenticity of VG Siddhartha's signature: Coffee Day Enterprises

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 shares tank over 48% in 4 days; market valuation eroded by Rs 1,957 crore to Rs 2,110 cr
Business

Coffee Day shares tank over 48% in 4 days; market valuation eroded by Rs 1,957 crore to Rs 2,110 cr

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
India

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 dead; latest updates: Businessman cremated in Chethanahalli coffee estate
India

CCD founder VG Siddhartha dead; latest updates: Businessman cremated in Chethanahalli coffee estate

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
India

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
Politics

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

Coffee Day Enterprises shares further plummet 20%; hit lowest trading permissible limit
Business

Coffee Day Enterprises shares further plummet 20%; hit lowest trading permissible limit

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
India

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
Business

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

CCD founder VG Siddhartha's body will be taken to Mangaluru's Wenlock Hospital for post mortem
India

CCD founder VG Siddhartha's body will be taken to Mangaluru's Wenlock Hospital for post mortem

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
Business

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.

I-T Department had attached Mindtree shares held by VG Siddhartha without notice: Sources
Business

I-T Department had attached Mindtree shares held by VG Siddhartha without notice: Sources

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
Business

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%
Business

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
India

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'
Business

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.

L&T buys Mindtree over 37.53 lakh shares worth Rs 368 crore through open market transactions
Business

L&T buys Mindtree over 37.53 lakh shares worth Rs 368 crore through open market transactions

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'
Business

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