Coffee Day board likely to deliberate on investigation report on Friday

Sources said the management and BSR & Associates had several differences over valuation of subsidiaries

Coffee Day Enterprises Ltd (CDEL) is likely to take up the investigation report, which is expected to be submitted before the board on Friday.
 

Sources in the know said that the recent resignation of BSR & Associates as the auditor of the company was due to differences over valuation of subsidiaries.
 

“The investigation report will be submitted to the board tomorrow. Once the investigation report is out, all the figures will come out and whatever provisions have to be made, will be made,” said sources familiar with the development.
 

In August last year, CDEL had asked Ashok Kumar Malhotra, retired