CCD Owner- Siddhartha Missing, Big Fall in Company’s Share

VG, the owner of the country's popular chain Cafe Coffee Day (CCD). Siddhartha is missing since Tuesday morning. Meanwhile, the biggest drop in the share of Siddhartha's company "Coffee Day Enterprises" has been recorded. On Tuesday, the shares of Cafe Coffee Day Enterprises fell more than 20 percent to Rs 154 per share. Earlier, on Monday, the shares of the company were closed at a level of Rs 192.55.

Decreased by More than 150 Points in 5 Months

In the past 5 months, shares of Cafe Coffee Day Enterprises have broken more than 150 points. In fact, on March 18, the company's shares reached a price of Rs 310. This is the highest level of this year. Let us say that the shares of Coffee Day Enterprises reached the price of 325 rupees on September 21, 2018. This is the biggest increase in the stock price of the company till now.

It is being said that Café Coffee Day founder VG Siddhartha's company has a debt of over Rs 7,000 crore. Siddhartha Former Union Minister S. Ms. Krishna's son-in-law. At present, there are 1,758 cafes of CCD in 247 cities in the country. The company's market capitalization of the company is about Rs 3254 crore.

Company Started in 1996

Cafe Coffee Day was started in Bangalore in July 1996. The first coffee shop was opened with an internet cafe. It was a matter of time when the internet was spreading in the country. Enjoying the coffee with the Internet was a special experience for new age people. However, later the CCD decided to stay with its core business coffee.