 "V G Siddhartha")
Tata Coffee is learnt to be in the initial stages of negotiations to acquire 12,000 hectares of coffee plantations that belonged to V G Siddhartha, the founder of Café Coffee Day Enterprises, for a valuation of Rs 1,200-1,500 crore.
His wife Malavika Hegde has been in charge of the group’s operations since Siddhartha ended his life in August 2019, and is handling his personal assets, including the coffee plantations, believed to be the second largest in Asia.
Siddhartha is believed to have availed loans worth Rs 2,000 crore from banks, including HSBC, Rabo Bank, Lakshmi Vilas Bank (LVB), RBL Bank, and IndusInd
