Is CCD a listed company?
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Is CCD a listed company?
Café Coffee Day (CCD) is an Indian café chain….Café Coffee Day.
| Trade name | Café Coffee Day |
|---|---|
| Type | Subsidiary of Coffee Day Enterprises |
| Traded as | BSE: 539436 NSE: COFFEEDAY (parent company) |
| ISIN | INE335K01011 |
| Industry | Coffeehouse |
The trading in the securities of the company will be resumed from 26th April 2021,” CDEL, which runs Cafe Coffee Day chain, said in a BSE filing. Earlier, trading in CDEL shares was suspended by the bourses for not complying with listing norms pertaining to submission of quarterly financial results.
What is the total debt of Coffee Day Enterprises?
As of March 2019, ‘Coffee Day Enterprises’, which is the holding firm for CCD, had a total debt of around Rs 6,550 crore. This likely reduced drastically after Siddhartha sold his stake in Mindtree for about Rs 3,200 crore.
Will Siddhartha enterprises sell CCD to Coca Cola for Rs 8000 crore?
The group’s coffee business expected to close FY’20 with sales of over Rs 2,000 crore. In fact, in the last few months, market buzz indicated that Siddhartha may have been looking to sell his equity in CCD to Coca Cola for up to Rs 8,000 crore.
Who is the owner of Coffee Day?
Siddhartha is currently a majority shareholder of his Coffee Day enterprise at 32.75\%. Of this, 71.4\% stake had already been pledged. His wife, Malavika Hegde, who is the daughter of former Karnataka chief minister S.M. Krishna, is the other significant owner in the company with a 4.05\% stake as of June 2019.
Was there ‘tremendous pressure’ on CCD from other lenders?
The CCD founder also points out there was “tremendous pressure” from other lenders – it’s unclear who this refers to, and what exactly Siddhartha is speaking of. Tax troubles?