Discover and read the best of Twitter Threads about #cafecoffeeday

Most recents (4)

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

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
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?😎
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🤦‍♂️
#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?😎
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

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