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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
@ShereenBhan @blitzkreigm @_anujsinghal @latha_venkatesh @CafeCoffeeDay VG Siddhartha writes to the CCD Board, says failed to create the right profitable business model despite best efforts. Sorry to let down all the people that put their trust in me
@ShereenBhan @blitzkreigm @_anujsinghal @latha_venkatesh @CafeCoffeeDay Could not take more pressure from one of the PE partners forcing me to buy back shares. Also, pressure from other lenders lead to me succumbing to the situation, writes VG Siddhartha in his letter to the CCD Board
Our assets outweigh our liabilities & can help repay everybody, writes VG Siddhartha in his letter to the CCD Board
I have failed to create the right profitable business model despite my best efforts, says VG Siddhartha in his letter to CCD Board
I fought for a long time but today I gave up as I could not take any more pressure from one of the private equity partners, says VG Siddhartha in his letter to CCD Board
There was a lot of harassment from the previous DG-Income Tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking position of our Coffee Day shares, says VG Siddhartha in his letter to CCD Board
HDFC says current exposure to Coffee Day Ent Group as of date is nil. Had disbursed loans for its project Global Village Tech Park in Bengaluru; entire outstanding exposure was repaid by Coffee Day in January 2019
DK Shivakumar (@DKShivakumar) tweets, it’s unbelievable that a courageous man like him would resort to this; find this utterly fishy & urge for a thorough investigation in this matter
@ShereenBhan @blitzkreigm @_anujsinghal @latha_venkatesh @CafeCoffeeDay Karnataka Bank clarifies to exchanged w.r.t. its exposure to #CafeCoffeeDay, says the bank has no exposure to the listed company Coffee Day Enterprises. However, the exposure of Rs 152.5 cr to unlisted company, Coffee Day Global is fully secured
