Page 3 - Cafe Coffee Day
Top biz headlines today: SC Maharashtra order, Zee chairman quits & more
From DGCA directing IndiGo to replace unmodified P&W engines to Karvy denying fund abuse charges, here are the top headlines of the day.
 "Top biz headlines today: SC Maharashtra order, Zee chairman quits & more")
CCD sees better working capital flows but no moratorium on loan repayments
In September, CDEL decided to sell the Global Village Tech Park to private equity major Blackstone and realty firm Salarpuria Sattva Group for Rs 2,700 crore
 "CCD sees better working capital flows but no moratorium on loan repayments")
CCD promoter's death led to liquidity crisis, impacting Q2 results: Sical
The company has reported a pre-tax loss of Rs 43.19 crore for the quarter ended September 30, 2019, compared with a Rs 7.77-crore profit before tax during the same quarter last year
 "CCD promoter's death led to liquidity crisis, impacting Q2 results: Sical")
Top 10 biz headlines: Ranbaxy's ex-promoters arrested, TCS result, and more
From Malvinder and Shivinder Mohan Singh's arrest to TCS posting profits, here are the top 10 business headlines on Friday
 "Top 10 biz headlines: Ranbaxy's ex-promoters arrested, TCS result, and more")
Promoters' holding in Coffee Day dips 28% to 25.35% as of Sept quarter
The demise of Siddhartha worried market participants and lenders over the high debt level of the group
 "Promoters' holding in Coffee Day dips 28% to 25.35% as of Sept quarter")
Coffee Day Enterprises ropes in IDFC arm to identify strategic options
IDFC Securities would also advise on refinancing of existing debt and raising additional facilities to repay debt in CDEL
 "Coffee Day Enterprises ropes in IDFC arm to identify strategic options")
V G Siddhartha's disappearance 'utterly fishy': Cong leader D K Shivakumar
In a letter purportedly written by Siddhartha to the Board of Directors and employees of Coffee Day Enterprises, he said: "I have failed as an entrepreneur."
 "V G Siddhartha's disappearance 'utterly fishy': Cong leader D K Shivakumar")
CCD ropes in former CBI DIG to probe Siddhartha's letter, scrutinise books
Audit firm EY which was earlier given the task opted out owing to certain conflict of interest
 "CCD ropes in former CBI DIG to probe Siddhartha's letter, scrutinise books")
Coffee Day shares end 16-day losing streak, hit 5% upper circuit
Besides Coffee Day, the group's another listed firm, Sical Logistics, is looking to divest its assets to pare debt
 "Coffee Day shares end 16-day losing streak, hit 5% upper circuit")
Coffee Day seeks more time from creditors to repay Rs 4,970-crore debt
After the demise of Coffee Day founder V G Siddhartha last month, this is the first time the group gave a clear picture of its overall debt position
Bengaluru IT park sale to reduce debt burden to Rs 1,000 cr: Coffee Day
The financial position and asset base of the Coffee Day Group will be comfortable to service the debt obligations of the entire group in full
 "Bengaluru IT park sale to reduce debt burden to Rs 1,000 cr: Coffee Day")
Coffee Day Group's Sical Logistics seeks one-time moratorium from lenders
Sical has been working on the divestment of certain assets and the proceeds from divestment are expected to significantly reduce the company's debt
 "Coffee Day Group's Sical Logistics seeks one-time moratorium from lenders")
CBDT initiates probe into Cafe Coffee Day founder V G Siddhartha's death
CCD founder V G Siddhartha had, in his purported suicide note, alleged harassment by tax officials. He went missing on July 29, and his body was found two days later
 "CBDT initiates probe into Cafe Coffee Day founder V G Siddhartha's death")
Coffee Day to sell Global Village Tech Park to Blackstone for Rs 3,000 cr
Deal with Blackstone will help group reduce debt
Coffee Day to expand board, Siddhartha's wife to be non-executive chairman
After the resignation of Sulakshana Raghavan last week, the board is planning to induct two independent directors soon
A lot can happen over coffee
CCD's biggest achievement has been to get a predominantly tea-drinking country (especially the North & West) to take to coffee with such gusto
Coffee Day board appoints EY for audit; to choose strategic advisor soon
In its last board meet held on July 31, the board had roped in law firm Cyril Amarchand Mangaldas as its legal counsel to advise on related matters
 "Coffee Day board appoints EY for audit; to choose strategic advisor soon")
Don't hope for a structural change
There is little hope that issues that affect the subjects will reach the rulers. Clearly, practical people should not expect the government to do anything other than minor tinkering
 "Don't hope for a structural change")
Coffee tycoon Siddhartha repaid all loans, had no dues: Tata Capital
According to Tata Capital, it had a maximum exposure of Rs 165 crore to Caf Coffee Day (CCD) group in FY2017-18, and that the entire amount had been repaid by March 2019
Siddhartha refused trappings of power
When word got around in the MEA that Siddhartha and Malavika were going to New York and would be with Krishna, protocol officers went to Delhi airport to see off the couple.
