Tue, Aug 20, 2024
The National Financial Reporting Authority (NFRA) has imposed penalties totaling Rs 10.75 crore on BSR & Associates LLP and its key members for audit lapses related to Coffee Day Enterprises' 2018-19 financial statements.
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Fri, Jul 05, 2024
Coffee Day Enterprises Ltd has reported a total default of Rs 433.91 crore on payments of interest and repayment of principal amount on loans from banks, financial institutions, and unlisted debt securities as NCDs and NCRPS for the quarter ended June 30, 2024.
Thu, Jan 04, 2024
For unlisted debt securities such as Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preference Shares (NCRPS), the default amount was Rs 200 crore as on December 31, along with a default in payment of interest of Rs 44.77 crore.
Tue, Jul 30, 2019
Cafe Coffee Day founder VG Siddhartha was reported to have gone missing after he left from Bengaluru on Monday night. VG Siddhartha is the son-in-law of former Karnataka chief minister SM Krishna.
Cafe Coffee Day founder VG Siddhartha was reported to have gone missing after he left from Bengaluru on Monday night, according to police.
VG Siddhartha has been hitting headlines for the wrong reasons like income tax raids, Mindtree shares selloff to L&T despite opposition from tech major's management, real estate venture sell out and more.
In his last letter, to the board and family of CCD, VG Siddhartha has written, "My intention was never to cheat or mislead anybody, I have failed as an entrepreneur. This is my sincere submission, I hope someday you will understand, forgive and pardon me."
To the shock and dismay of his family and the wider business world and all the aficionados who frequented his retail cafes, popular coffee chain Cafe Coffee Day owner VG Siddhartha has suddenly disappeared! Tragically, speculation is rife on social media platforms with the police even hinting that the CCD founder might have jumped into the Netravati River near Mangaluru on Monday evening where he was last seen by his driver.
Cafe Coffee Day owner VG Siddhartha, who has two listed companies, CCD and Sical Logistics, has gone missing in Mangalore making these two stocks crash on Dalal Street.
Owner of the iconic Indian coffee chain, Cafe Coffee Day, VG Siddhartha went missing near Mangaluru on Monday. The son-in-law of former Karnataka Chief Minister SM Krishna, Siddhartha reportedly got off his car near the Netravati River off Mangaluru on Monday evening and has been missing ever since.
VG Siddhartha, whose firm Amalgamated Bean Company is one of India’s largest exporters of coffee, also has several other businesses in the technology and the hospitality sectors.
Thu, Jul 18, 2019
The BSE Sensex dipped 318 points and closed at 38,897 levels while the 50-stock Nifty nosedived 90 points and closed at 11,596 levels. Bank Nifty index lost the 30,500 support levels and closed at 304 losing 30,430 points.
Mindtree share price: Uncertainty in business and management is one of the major reasons for the current weakness in the IT counter.
Mon, Jul 08, 2019
IT firm Mindtree on Monday shed over 11 per cent on the BSE following resignations by the company`s top leadership in the days succeeding infrastructure construction behemoth L&T`s acquisition of controlling stake in the global IT services firm.
Thu, Jun 27, 2019
L&T has acquired over 60 per cent of the Mindtree shares after its open offer to buy 31 per cent of the mid-sized IT company's shares.
Fri, Jun 21, 2019
In March, L&T had said it will buy 20.32 per cent stake in Mindtree from V G Siddhartha and his coffee enterprise for over Rs 3,000 crore - marking India's first-ever hostile takeover bid in the IT space.
Thu, Jun 20, 2019
The row between construction major Larsen and Toubro (L&T) and IT major Mindtree is no longer hitting the headlines on a daily basis, but there is hectic activity on behind the scenes.
Wed, May 01, 2019
Infratsructure major Larsen & Toubro has purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.
Wed, Apr 17, 2019
Mindtree said its consolidated net profit grew 8.9 per cent to Rs 198.4 crore for the March 2019 quarter, from Rs 182.2 crore in the year-ago period.
Fri, Mar 22, 2019
Refusing to accept L&T takeover of Mindtree as hostile, L&T Managing Director and Chief Executive Officer S.N. Subrahmanyan earlier said it was an "act of love and with all the heart".
Wed, Mar 20, 2019
L&T has bought the CCD owner VG Siddhartha's 20.4 per cent shares in the services firm MindTree. The deal has been inked at Rs 981 per shares that is worth Rs 3,300 crore.
IT company Mindtree Tuesday said it had found certain irregularities in disclosures made by Coffee Day promoter V G Siddhartha, who sold stake in the company to L&T, and had taken action against him as per the law, according to a top official of the Bengaluru-based IT firm.
Tue, Mar 19, 2019
"A hostile takeover by L&T, unprecedented in our industry, could undo all of the progress we've made and immensely set our organisation back," Mindtree's top executives said in the statement.
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