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We believe in VG Siddhartha, still own 6% in CCD: Global buyout major KKR

KKR in a statement on Tuesday said it had invested in the popular coffee chain nine years ago and part-exited the investment last year

V G Siddhartha
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V G Siddhartha

Press Trust of India Mumbai
Global buyout major KKR has said it is "deeply saddened" by the disappearance of VG Siddharth, the promoter of its investee company the coffee chain Cafe Coffee Day since Monday evening.

In a purported letter sent to the company board and the employees of the coffee chain he founded, Siddharth had on July 27 said he was under pressure from one of the private equity partners to buy back shares.

KKR in a statement on Tuesday said it had invested in the popular coffee chain nine years ago and part-exited the investment last year.

The fund statement added that it continues to hold

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First Published: Jul 30 2019 | 4:06 PM IST

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