V G Siddhartha | The Asian Age

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Coffee Day, Sical stocks hit lower circuit

Income Tax department had attached 4.5 per cent Mindtree stake to cover any tax liabilities prior to stake sale to L&T.

31 Jul 2019 1:06 AM

Cafe Coffee Day board has held emergency meeting following disappearance of Siddhartha and also reviewed the letter purportedly signed by him and shared copies with relevant authorities, the company said in a regulatory filing.

Assessing situation after disappearance of chairman V G Siddhartha: Cafe Coffee Day

The company said Siddhartha is not reachable since Monday evening. 'We are taking the help of concerned authorities'.

30 Jul 2019 9:48 PM

At the NSE, shares cracked 20 per cent and fell to its 52-week low of Rs 153.40.

Coffee Day Enterprises shares crack 20 pc after Chairman goes missing

The scrip tumbled 20 per cent and hit its lower circuit limit as well as its 52-week low of Rs 154.05 on the BSE.

30 Jul 2019 11:59 AM

The letter is addressed to the 'Board of Directors and Coffee Day family'. (Photo: File)

'I have failed, hope you will forgive me': Siddhartha's letter before he went missing

In his letter, he also said he was under 'tremendous pressure' from one of 'the private equity partners'.

30 Jul 2019 11:13 AM

S M Krishna's son-in-law, Cafe Coffee Day founder V G Siddhartha missing

The Cafe Coffee Day owner was last seen near Netravati river in the coastal town of Mangaluru.

30 Jul 2019 8:10 AM

While the founders continue to hold onto their about 13 per cent stake, on July 5, CEO Rostow Ravanan, Chairman Krishnakumar Natarajan and Vice Chairman Parthasarathy NS announced their exit from Mindtree Board and the management.

Mindtree board appoints L&T chief A M Naik as non-executive chairman

The move follows the construction major acquiring over 60 per cent stake in the Bengaluru-based IT company.

18 Jul 2019 11:18 AM

Construction major L&T held 9.87 crore equity shares in Mindtree as on July 2 following its recently-concluded open offer, according to the filing by Mindtree.

Mindtree says L&T categorised as promoter with 60.06 pc stake

The development is significant as the Mindtree founders had initially resisted the hostile takeover bid.

03 Jul 2019 8:32 PM

The committee has also approved the appointment of Prasanna Rangacharya and Deepa Gopalan Wadhwa as independent directors, the filing said.

L&T to get three Board positions in Mindtree

IT firm Mindtree on Thursday said L&T CEO and MD SN Subrahmanyan will join its Board as Non-Executive Director with effect from July 16.

20 Jun 2019 6:46 PM

On June 7, the infrastructure major Larsen & Toubro announced a Rs 5,030-crore open offer to acquire an additional 31 per cent stake in mid-tier IT company Mindtree at a price of Rs 980 per share.

Mindtree independent directors say L&T's offer price at Rs 980/share is reasonable

Mindtree shares closed at Rs 975.50 a piece on NSE and Rs 974.65 a share on BSE.

12 Jun 2019 12:22 PM

In all, L&T is eyeing up to 66 per cent stake in Mindtree for around Rs 10,800 crore.

L&T acquires 1,168 shares of Mindtree

Shares of Mindtree ended at Rs 974.25 apiece on the BSE on Tuesday, 0.13 per cent lower than the previous closing.

14 May 2019 6:47 PM

"This is to inform you that, Larsen and Toubro Ltd has acquired 33,05,775 equity shares (with face value of Rs 10 each) of Mindtree Ltd, since its last disclosure...made on May 8, 2019," L&T said in a filing.

L&T acquires additional 2 pc stake in Mindtree; takes total holding to 26 pc

L&T had earlier purchased around 20 pc stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal.

10 May 2019 9:31 AM

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Farrukh Dhondy