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Cafe Coffee Day share price plunges
Business

Cafe Coffee Day share price plunges

Agency News

After founder and promoter of Café Coffee Day, VG Siddhartha, has gone missing, the share price of Café Coffee Day has gone down on Tuesday.Shares of Coffee Day Enterprises and SICAL Logistics plunged 20 per cent each on Tuesday. ". On the BSE, Coffee Day Enterprises and SICAL Logistics shares fell by the daily maximum limit of 20 per cent each to Rs. 154.05 and Rs.72.80 respectively.

Coffee Day Enterprises said in an exchange filing on Tuesday that its chairman and managing director is "not reachable since yesterday evening "We are taking the help of concerned authorities.VG Siddhartha, who is also the son-in-law of the former Karnataka Chief Minister SM Kirshna, went missing near Netravati river off Mangaluru from Monday evening onwards.

Police have launched a massive search operation near the bridge near Mangaluru river where Siddhartha was seen last.VG Siddhartha was recently in the news after he sold about 20 per cent of his stake in tech company Mindtree to engineering firm Larsen & Toubro Ltd.