You are here: Home » Companies » News
Business Standard

Sebi suspends trading in shares of Coffee Day Enterprises from Monday

The shares of the firm were last traded on Saturday (February 1) when the market was open for the Budget announcements

Debasis Mohapatra  |  Bengaluru 

CCD, Cafe coffee Day

Market regulator Securities and Exchange Board of India (Sebi) has suspended trading in shares of (CDEL) from Monday. Sources in the know said breach of listing obligations by not submitting audited financial statements in time could be the reason behind suspension of trading. The shares of the firm were last traded on Saturday (February 1) when the market was open for the Budget announcements.

Earlier, the market regulator had informed CDEL that delay in declaration of earnings beyond January 29, could lead to halting of trade in the company’s shares due to breach of listing regulations. However, the Bengaluru-headquartered firm had sought more time for submission of audited results citing to non-completion of internal investigations.

First Published: Tue, February 04 2020. 00:32 IST
RECOMMENDED FOR YOU