INSUBCONTINENT EXCLUSIVE:
VG Siddhartha was the founder of the Cafe Coffee Day (CCD) chain
Coffee Day Enterprises shares
plunged 20 per cent on Wednesday
VG Siddhartha, founder of the Cafe Coffee Day chain, was found dead on Wednesday morning
The body of Mr Siddhartha, chairman and managing director of Coffee Day Enterprises, was found 36 hours after he went missing from a bridge
near Mangaluru in Karnataka
Wednesday's trading session marked a second straight day of sharp losses in the Coffee Day stock
SICAL Logistics shares were also locked in the lower circuit at 20 per cent for a second straight session
Here are 10 things to know:On the Bombay Stock Exchange (BSE), Coffee Day Enterprises and SICAL Logistics shares fell by the
chain, had not been reachable since late Monday, his flagship entity Coffee Day Enterprises said in a regulatory filing on Tuesday.Mr
Coffee Day Enterprises.Together with his family and holding companies, he controlled 53.93 per cent of the firm.Mr Siddhartha was recently
in the news after he sold about 20 per cent of his stake in tech company Mindtree to engineering and construction company Larsen - Toubro.Mr
Siddhartha, whose Cafe Coffee Day chain has more than 1,600 stores across the country, was widely recognised for bringing the coffee shop
culture to India more than 10 years before global coffee shop giant Starbucks Corp began its foray into the country.He was also widely seen
as a savvy venture capital investor, who made some prescient early investments in IT services firms like Infosys and Mindtree in the
1990s.Shares in Coffee Day Enterprises were on course to end lower for a sixth session in a row
As of Tuesday's closing price, the stock had declined 22.94 per cent in the past five sessions.At 10:46 am, the Coffee Day Enterprises
stock was locked in the lower circuit at Rs 123.25 while SICAL Logistics shares traded 18.06 per cent lower at Rs 59.65, as against a 0.57
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