Coffee Day shares have been locked at five percent lower circuit for the past four consecutive sessions, but saw a massive surge on March 3, riding on the positive news flow.
The company- MACEL- acted as a pass-through entity for the said fund diversion and has aided and abetted CDEL in such a large-scale fund diversion.
The fraudulent diversion and mismanagement of funds within the company amounting to a whopping Rs 3,535 crore first came to light when VG Siddhartha, the chairman of the Coffee Day group, committed suicide in July 2019.
Tim Hortons, a competitor of Starbucks, is targeting to open 120 company-operated stores in the country in the next three years.
The Coffee Day stock has been hitting the upper circuit for the past few days
The decision not to sell a stake in Coffee Day Global follows talks with potential suitors including ITC and Coca-Cola.To pare debt, the promoters are also exploring the possibility of inducting an investor in Coffee Day Enterprises
According to police sources, water was found in Siddhartha's lungs and his death was due to drowning.
Given the huge role CCD’s VG Siddhartha played in India’s coffee ecosystem, there’s uncertainty in the air
Siddhartha’s friends say he was more of a hands-on person and cared about every detail of his business, getting into nitty-gritty
The total debt of Coffee Day Enterprise stands at Rs 6,547 crore, comprising loans from banks and securities sold to mutual funds.
The debt was raised through three entities - Devadarshini Info Technologies, Gonibedu Coffee and Coffee Day Consolidations, according to corporate affairs ministry documents
The 63-year-old former Kingfisher Airlines boss, who is fighting extradition to India in relation to fraud and money laundering allegations, accused the government of not doing enough to support entrepreneurs in debt.
The board announced that an executive committee has been set up to exercise the powers previously vested with VG Siddhartha.
In this episode of Editor's Take, Moneycontrol's M Saraswathy talks to Corporate Bureau Chief Prince Thomas to find out all about the Siddhartha's disappearance.
Any amount invested at current levels should be from the idle cash and not leveraged because the trade could go either way for a long term horizon of more than a year.
The iconic India Coffee House has a rich history of eight decades with the first outlet been established in 1936.
The company is likely to use the fresh fund for expanding its cafes in the country.
Unlike equity shares, CCPS can be tailored to include certain terms which provide its holder with significant advantages with respect to dividends.
Post amalgamation, all the assets, investments, rights, title and interests of Coffee Day Overseas will be transferred to Coffee Day Enterprises.
IFC will invest USD 20 million (Rs 134 crore) through equity linked instruments in the company and for the said purpose, the board has proposed to issue and allot equity linked securities to IFC.
The board of PC Jeweller has approved the issue of compulsarily convertible debentures (CCDs) for an aggregate amount of up to Rs 420 crore by way of a preferential allotment to DVI Fund Mauritius, the company informed exchanges today.
Earlier this month, Coffee Day Enterprises-the operator of homegrown chain Cafe Coffee Day (CCD)- raised USD 175 million in an initial public offering that was more than 1.8 times subscribed.
On the BSE, it ended at Rs 270.15, down Rs 57.85, or 17.64 percent, touching an intraday high of Rs 318 and an intraday low of Rs 266. It was trading with volumes of 3,799,555 shares on BSE.