Moneycontrol
HomeNewsBusinessMarketsCafe Coffee Day operator shares plunges 20% after founder VG Siddhartha's death
Trending Topics

Cafe Coffee Day operator shares plunges 20% after founder VG Siddhartha's death

There were pending sell orders of 2,494,013 shares, with no buyers available

July 31, 2019 / 09:32 IST
Story continues below Advertisement
Representative image

Shares of Coffee Day Enterprises shed another 20 percent to hit 52-week low in the early trade on July 31 after Cafe Coffee Day founder VG Siddhartha body was found near the Netravathi river in Mangaluru.

There were pending sell orders of 2,494,013 shares, with no buyers available.

Story continues below Advertisement

The share was locked at 20 percent lower circuit on July 30 after Siddhartha went missing on July 29.

Siddhartha was last seen at 6 pm on July 29 when he got off his car. The driver had contacted the family when Siddhartha didn’t return for an over an hour.