Coffee Day Enterprises

Probe Finds $270 Million Missing After Coffee King’s Suicide

An investigation into Coffee Day Enterprises Ltd., initiated by its board after the death of founder V.G. Siddhartha, is likely to conclude that at least 20 billion rupees ($270 million) is missing from its accounts, according to people familiar with the matter.

Coffee Day Promoters’ Stake Dives To 17% From 54%

BENGALURU: The shareholding of Coffee Day Enterprises’ (CDEL) promoter group has come down sharply from 54% in July last year to 17% as lenders have invoked pledged shares, a filing with the BSE late last week shows.