Discover and read the best of Twitter Threads about #CafeCoffeeDay

Most recents (5)

Despite appearances chatter in the American circles is that CIA had intel on British intervention in #Kashmir put in motion during Cricket World Cup displaying the #KashmirIssue on world stage opening doors for their entry later on. #OperationKashmir
Knowing well India's position on #Kashmir & how Indians would react to mediation, Trump launched pre-emptive strike with his OFFER before #DeepState could move - thereby scandalising the "mediation" issue altogether. Moreso by saying it was Modi's request.
Read 11 tweets
#Thread

It has been suggested that Private Equity firm KKR is responsible for #CafeCoffeDay founder #VGSiddhartha's suicide.

The firm has come under scanner in our research in many aspects of National Security as well.

Here is a thread on the various operations of KKR in India
As per the report MO of foreign PE firms like KKR is to borrow money from Indian Banks at 8-9% and then lend it to Indian businesses at a whopping 20-25% - the high rates of interest makes it difficult for native business to survive or remain profitable to repay the lenders.
KKR is the second largest foreign PE investor in #CCD with 6.07% (1.28 crore shares) after selling approx 4.25% in Feb 2018, making at the time 10.3%. Foreign investors together hold 22.35% stake in #CafeCoffeeDay valued at Rs 724 crore.
Read 23 tweets
THREAD 1/5 #CafeCoffeeDay #VGSiddhartha vanishing Update!
➡The signature is also half erased.
➡It seems to say Private Equity fund manager acted as money lender & caused unbearable stress to be investigated. Politician link & undeclared income dealings hundreds crores found!
2/5 Due to request/letter by Udupi-Chikkamagaluru MP @ShobhaBJP Coast Guard began extensive effort on war footing to search missing businessman Shri VG Siddhartha.
2⃣Details of assets deployed by Indian Coast Guard for search operations.
3⃣Coast Guard Headquarters Order 2 pages
3/5 Murky business financial dealings/hidden income/mysterious political beneficiaries opened due to Income tax raids on some Karnataka politicians. It led to attachment of company shares & subsequent release for securing tax payer. Links to Local/Central UPA leaders rumored!
Read 7 tweets
Surprised with many people blaming the disapperance of #VGSiddhartha (CEO #CafeCoffeeDay), on alleged pressure from tax-authorities.

The Tax-Raids happend in Sep-2017 and ₹650 crs of concealed income was found (admission on record). Why disappear now, after nearly 2 yrs?😎
1/n
Based on #VGSiddhartha confessions in departing-letter, he admits concealing 'transactions' 4m his team/auditors/senior-management. Why would he do that? Did he launder/lose money elsewhere?😎

If DG-IT was harrasing him, why did he not disclose earlier? He is SIL of Ex-CM🤦‍♂️
2/n
#VGsiddartha recently sold 20% of his stake in #Mindtree for whopping ₹3269 crores. Where did that money go, if there was liquidity crunch?

Coca-Cola was ready to buy 20% of his stake in #CafeCoffeeDay.

Despite huge money, why things so bad?😎
3/n
deccanherald.com/business/busin…
Read 12 tweets
Café Coffee Day founder VG Siddhartha went missing last night. He reportedly got off from his vehicle near a bridge at 6 pm near Mangalore and has not been found since
@ShereenBhan @blitzkreigm @_anujsinghal @latha_venkatesh @CafeCoffeeDay As of March 2019, CCD had 1,752 cafes across India. CCD clocked revenue of Rs 1,777 cr & Rs 1,814 cr in FY18 & 19, respectively. Company is eyeing Rs 2,250 cr by March 2020
@ShereenBhan @blitzkreigm @_anujsinghal @latha_venkatesh @CafeCoffeeDay VG Siddhartha recently sold 20.32% stake in Mindtree Ltd to L&T at ₹980 a share. He currently holds 32.75% stake in Coffee Day
Read 12 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!