Cafe Coffee Day hits 52 week low as VG Siddhartha's body found

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Cafe Coffee Day hits 52 week low as VG Siddhartha's body found

Jul 31, 2019 10:16 IST

The Cafe Coffee Day stock fell another 20% in trade today, on the news it's founder VG Siddhartha’s body had been recovered from the Netravathi river after 36 hours of search operation. Siddhartha has been missing since Monday evening. The Cafe Coffee Day board of directors will meet later today in Chikkamagaluru to pay respect to the brand's founder and discuss the future path for the company. Siddhartha's wife, Malavika Hegde, is on the CCD board. However, it is not clear whether she, or a family representative will attend the meeting or not.