Tuesday, November 5

Tag: CCD

Cafe Coffee Day founder goes missing, Commits Suicide
News

Cafe Coffee Day founder goes missing, Commits Suicide

Cafe Coffee Day founder V G Siddhartha was reported to have gone missing after he left from Bengaluru on Monday night, police said. Siddhartha, the son-in-law of former Karnataka chief minister S M Krishna, was headed for Sakaleshpur but on the way, he had asked his driver to go towards Mangaluru, according to the police. On reaching a bridge over the Netravati river in the Kotepura area in Dakshina Kannada district, he got down from the car and told his driver that he was going for a walk. "He (Siddhartha) asked the driver to wait until his arrival. When he did not return even after two hours, the driver approached the police and lodged a missing complaint," deputy commissioner of Dakshina Kannada district Senthil Sasikant Senthil told Pixr8 News. More than 200 policemen and d...
CCD and Uber Eats Partner to Launch Virtual Restaurant Chain in India
News

CCD and Uber Eats Partner to Launch Virtual Restaurant Chain in India

Food delivery major Uber Eats has entered into an association with cafe chain Café Coffee Day (CCD) to launch a network of virtual restaurants across multiple brands. These will be available for delivery exclusively on Uber Eats. In this partnership, Uber Eats will share data, analytics and insights with CCD to help the latter identify food that is most desired and thus design cuisine-specific menus under various brands that will be separate from its existing menu and available for delivery only. This partnership will allow Café Coffee Day and Uber Eats to launch menu offerings as per evolving consumer trends, for multiple ‘delivery-only’ virtual restaurants. Bhavik Rathod, Head of UberEats in India and South Asia on the partnership said, “The virtual restaurant model will use the exis...
Cafe Coffee Day set to launch its IPO on 14 October
News

Cafe Coffee Day set to launch its IPO on 14 October

India's biggest coffee chain, The Cafe Coffee Day, will launch an initial public offering next week. Coffee Day Enterprises Ltd (CDEL), the holding company of the Cafe Coffee Day (CCD) aiming to raise up to $176 million in the country's biggest IPO in nearly three years. Cafe Coffee Day's share sale is scheduled to close on Friday next week and the stock is due to start trading in Mumbai on Nov. 2. The price band for the offering has been set at between 316 rupees and 328 rupees a share, said two sources directly involved in the deal separately on condition of anonymity. Coffee Day Enterprises Ltd, which competes with Starbucks Corp among others in India, is backed by private equity firm KKR & Co. India has seen fewer IPOs in the last few years because of volatile markets ...
Market

Backed by Nandan Nilekani, Coffee Day Enterprises gets Sebi nod for Rs.1,150 crore IPO

Coffee Day Enterprises Ltd, known as the Cafe Coffee Day (CCD) brand among other businesses, has received the green signal from securities market regulator Securities & Exchange Board of India (SEBI) to float its initial public offer (IPO). India's biggest coffee chain firm had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker Kotak Mahindra Capital Company Limited on 26 June this year. (more…)