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IT Dept Releases Coffee Day’s Mindtree Shares, Attaches Siddhartha’s Partial Stake In Coffee Day

From economictimes.indiatimes.com

Coffee Day Enterprises on Thursday said the Income Tax Department has released 74.90 lakh attached shares of IT firm MindtreeNSE 0.06 %, owned by the company and its promoter V G Siddhartha, but attached his 46.01 lakh shares in Coffee Day Enterprises over potential tax demand.

Last month, the department had attached 74.90 lakh shares of Mindtree, in which 22.20 lakh shares belonged to Coffee Day Enterprises and 52.70 lakh shares belonged to its promoter Siddhartha.

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