Bengaluru: The Coffee Day group on Saturday said its total outstanding debt was Rs 4,970 crore, including Rs 4,796 crore secured loans and Rs 174 crore in unsecured loans. “The management has decided to clarify its debt position, the expected reduction and post conclusion of the ongoing divestment transactions,” said the city-based company in a […]
Tag: Cafe Coffee Day
Mamata condoles Siddhartha’s death, flays harassment by Centre
Kolkata (1 MIN READ): Condoling the death of Cafe Coffee Day Enterprises’ founding Chairman V.G. Siddhartha, West Bengal Chief Minister Mamata Banerjee on Wednesday said the central government must ensure that political vendetta and agencies did not demoralise industrialists and hamper nation’s progress. “I am deeply shocked by the incident relating to V.G. Siddhartha, Cafe […]
RIP Siddhartha: Some CCD outlets stay shut in founder’s honour
Bengaluru (2 MIN READ): Some outlets of the popular Cafe Coffee Day (CCD) chain in central Bengaluru remained shut on Wednesday as a mark of respect to its founder-chairman V.G. Siddhartha, who died under mysterious circumstances, a company source said. “Retail outlets in the city centre, including our main coffee ‘the square’ opposite the famous […]
Siddhartha to be cremated at his coffee estate in Karnataka
Bengaluru (2 MIN READ): The body of Cafe Coffee Day (CCD) founder V.G. Siddhartha was on Wednesday afternoon taken to Chattanahalli, his village, in Karnataka’s Chikkamagaluru district. The last rites would be performed at one of his coffee estates by evening, a family source said. “The flower-decked cortege with his body in a glass-cased coffin […]
RIP Siddhartha: CCD outlets shut for a day
Bengaluru (1 MIN READ): The popular retail chain Cafe Coffee Day (CCD) decided to shut shop on Wednesday across the country in memory of its founder-chairman V.G. Siddhartha, who died in Karnataka under mysterious condition, a company source said. “All our 1,750 retail outlets in about 240 cities will remain shut for the day as a […]
Mystery over coffee baron’s disappearance comes to end, body found
Bengaluru (3 MIN READ): Cafe Coffee Day (CCD) founder-chairman V.G. Siddhartha is no more, as his body was found in Karnataka’s Netravathi river, near here, police said on Wednesday. He was 60. “Two fishermen found Siddhartha’s body early this morning about 500 metres away from the road bridge from where he alleged to have jumped into […]
Cafe Coffee Day confirms founder Siddhartha’s signature in note
Bengaluru (2 MIN READ): Countering the Income Tax Department’s claim, retail outlets chain The Coffee Day Enterprises on Tuesday confirmed the authenticity of the letter its missing founder V.G. Siddhartha wrote to the company’s board of directors on July 27. “The board also reviewed a copy of the letter purportedly signed by Mr V. G. Siddhartha […]
Saw ‘Siddhartha’ jumping from bridge into river: fisherman
Bengaluru (2 MIN READ): A fisherman claimed to have seen a man, likely to be Cafe Coffee Day (CCD) founder V.G. Siddhartha, jumping into the Netravathi river from the bridge in Karnataka’s Mangaluru on Monday evening, police said on Tuesday. “We have recorded the statement of fisherman Symond D’Souza that he saw a man jumping off […]
Search on for CCD founder Siddhartha; suicide suspected
Bengaluru (5 MIN READ): The police have launched a massive search for Cafe Coffee Day (CCD) founder V.G. Siddhartha, suspected to have committed suicide by jumping into the Netravathi river near Mangaluru. “Search is on since morning. Siddhartha is suspected to have jumped into the river from a bridge on way to Mangaluru from Ullal […]
I’ve failed, says CCD founder Siddhartha in his purported last letter found
Bengaluru (2 MIN READ): Missing Cafe Coffee Day Founder V.G. Siddhartha, who according to the Karnataka police is believed to have committed suicide, and has apparently left behind to his employees a letter now doing rounds on the social media. IANS is not confirming the veracity of the letter, but the content are as follows: “To […]