Coffee Day Enterprises Ltd had a market capitalization of ₹4,050 crore before news emerged that its founder V.G. Siddhartha had gone missing. At last count, the company’s market value dropped by nearly two-thirds to ₹1,393 crore.
But we still didn’t know if this is the true worth being ascribed to the company by traders and investors. Thanks to a strange regulation that disallows free price discovery for certain types of stocks, Coffee Day shares are allowed to fall only at a gradual rate each day by the country’s stock exchanges.