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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?😎
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

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