In an already tanking market, unfortunate news of VG Siddhartha, the founder of Café Coffee Day, being unreachable under unusual circumstances, was the last straw.
The stock of Coffee Day Enterprises was beaten down all of 20% before the circuit breaker kicked in, freezing the stock at Rs 154.05 per share.
And while there’s still speculation around the future of the enterprise, we take stock of the company’s presence through its subsidiaries…
1. Coffee day global Ltd
2. SICAL Logistics Ltd
3. Way2wealth
4. Tanglin Developments
5. Coffee Day Hotels & Resorts (Serai)
As per the above-mentioned companies, below are the mutual fund schemes which have holding of Coffee day Enterprises group companies as on June 2019:
For equity, holdings are in terms of shares and for debt & hybrid, holdings are in terms of corporate debt papers.
Source: Ace MF
Coffee Day Natural Resources Pvt Ltd (CDNRPL) was originally incorporated as Way2Wealth Holdings Pvt Ltd in 2008. Its name was changed to Coffee Day Natural Resources Pvt Ltd in Aug 2011. CDNRPL is promoted by V G Siddhartha, the promoter of Café Coffee Day Group and he has 99.99% shareholding in the Company. The Company does not have any operations currently and is primarily involved in raising funds and supporting other group entities. Mr. V G Siddhartha and Mrs. MalavikaHegde (wife of Mr. V G Siddhartha) are the Directors of the Company.
You May Also Like: What’s your financial personality?
Disclaimer:
We, Ventura Securities Ltd, (SEBI Registration Number INH000001634) its Analysts & Associates with regard to blog article hereby solemnly declare & disclose that:
We do not have any financial interest of any nature in the company. We do not individually or collectively hold 1% or more of the securities of the company. We do not have any other material conflict of interest in the company. We do not act as a market maker in securities of the company. We do not have any directorships or other material relationships with the company. We do not have any personal interests in the securities of the company. We do not have any past significant relationships with the company such as Investment Banking or other advisory assignments or intermediary relationships. We are not responsible for the risk associated with the investment/disinvestment decision made on the basis of this blog article.
Post your comment
You must be logged in to post a comment.