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Corporate Corridor | Coffee Day episode leaves investors in the dark

Coffee Day’s investors find themselves staring at a bleak period as the late founder’s letter raises more questions than it gives answers

July 31, 2019 / 11:47 AM IST
Corporate Corridor | Coffee Day episode leaves investors in the dark

VG Siddhartha’s letter to Coffee Day Enterprises’ board raises more questions than answers. Shareholders are understandably worried. Shares of Coffee Day and its listed subsidiary Sical Logistics were down 20percent on Tuesday. Wednesday opened with a similar decline in Coffee Day shares. The founder’s death, the issues alluded to in the letter, and the events in the coming weeks and months will determine the listed companies’ fate. The questions that the letter raises A main question relates to the financial problems...

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