Coffee Day Enterprises Ltd - 539436 - Announcement under Regulation 30 (LODR)-Resignation of Director
We wish to clarify that Mrs. Sulakshana Raghavan has resigned for personal reasons and has confirmed that there are no further reasons for her resignation. Siddhartha death: Police to question Cafe Coffee Day CFO and some advisors
Police are taking a close look at the firm's private equity (PE) partners and lenders, whom the letter blamed for putting "tremendous pressure". CCD board to probe Siddhartha's transactions, plans to monetise assets
Appoints S V Ranganath interim chairman Letter to BS: There should be a thorough probe into CCD founder's death
The news that his body had been found on the shores of Netravati river has come as a big shock Is brand CCD a strong enough brew?
With Coffee Day Enterprises battling its biggest crisis since its inception over two decades ago, Caf Coffee Day's (CCD) brand equity may just prove Coffee Day Enterprises Ltd - 539436 - Outcome Of Board Meeting
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
KKR Investments, the PE firm in focus after VG Siddhartha's death
The private equity firm KKR Investments has multiple investing arms in India including KKR Advisors, KKR Mauritius, and KKR Jupiter, all with Sanjay Nayar at the helm. KKR India CEO Sanjay Omprakash Nayar sits on the board of Coffee Day Enterprises as a Non-Executive and Nominee Director, and is rumored to have been the private equity investor who forced VG Siddhartha to buy back Cafe Coffee Day shares. This allegation is of no surprise to people who know of KKR. The private equity company, headquartered in the US, grew famous in the 1970s and 1980s for leveraged buyouts, breaking up massive firms like RJR Nabisco and Beatrice Foods. VGS's wife Malavika Hegde bought back 4.26% of shares from KKR in Feb 2018 via insider trades. VGS has been steadily pledging shares of Coffee Day Enterprises throughout 2019. The sad demise of VGS has brought fresh attention to these transactions. VGS has claimed that certain buyback transactions reduced the elbow room he had available in cutting down company debt. YES Bank met with Sanjay Nayar's KKR India Advisors last week, as part of its regular efforts to discuss investments and capital infusions. KKR has also via its various subsidiaries including its Mauritius arm, invested in Magma Fincorp, Bharti Infratel, IndiaGrid Trust and Max India. KKR's other investments outside Coffee Day Enterprises include JBF Industries, which entered bankruptcy proceedings last year. The PE firm attempted to intervene when financial creditors to JBF including IDBI Bank tried to recover dues. VG Siddhartha's legacy: From 1 store in 1996 to 2,100 today, how coffee king made CCD a global brand
VG Siddhartha was born to a family of coffee planters in Karnataka's Chikmagalur; he set up India's first coffee chain Cafe Coffee Day (CCD) in Bengaluru in 1996 CCD founder VG Siddhartha, wife did not draw salaries
Apart from Siddhartha, the non-executive directors who did not draw their salaries include his wife Malavika Hegde, and the Chief Executive Officer of KKR India Sanjay Omprakash Nayar Coffee Day Enterprises Ltd - 539436 - Clarification sought from Coffee Day Enterprises Ltd
The Exchange has sought clarification from Coffee Day Enterprises Ltd with reference to the media reports titled "Authenticity of Siddhartha's 'last note' doubtful, claims I-T source".Link: https://economictimes.indiatimes.com/news/politics-and-nation/tax-department-acted-as-per-law-in-ccd-promoter-siddhartha-case-sources/articleshow/70449827.cmsCoffee Day Enterprises Ltd response is awaited.