Cafe Coffee Day | The Asian Age

Thursday, Apr 18, 2024 | Last Update : 10:13 PM IST

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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

Last month, L&T had acquired Cafe Coffee Day owner VG Siddhartha's 20.32 per cent stake in Mindtree, and placed an order with brokers to pick up another 15 per cent shares from the open market.

Mindtree's special dividend could strip firm of Rs 320 cr ahead of L&T takeover

Asked if Mindtree anticipated any objection from L&T on its latest move, Ravanan said: 'I have absolutely no idea.'

17 Apr 2019 7:26 PM

In a tweet, the Competiton Commission of India (CCI) said, "it approves the acquisition of up to 66.15 per cent of the total equity shareholding of Mindtree Ltd, on a fully diluted basis, by Larsen and Toubro Ltd".

CCI approves L&T's proposed acquisition of 66.15% stake in Mindtree

Deals beyond a certain threshold require clearance from the fair trade regulator CCI.

06 Apr 2019 10:06 AM

"The board of directors of the company, at a meeting held on March 26, 2019, has decided not to proceed with a buy-back of equity shares of the company," Mindtree said in a regulatory filing.

Mindtree forms panel over L&T open offer, nixes share buyback plan

Mindtree co-founders have opposed the bid by L&T to acquire it.

26 Mar 2019 6:27 PM

Mounting the country's first hostile takeover bid in the IT sector, infrastructure giant Larsen and Toubro on Monday made an offer to buy up to 66 per cent stake in the Mindtree for around Rs 10,800 crore.

Mindtree promoters vow to oppose hostile takeover bid by L&T

Dub the takeover bid as a grave threat to the organisation.

19 Mar 2019 11:45 AM

CCD chief’s Rs 650 crore undisclosed income detected

The Directorate had on September 21 launched the search operations at 25 locations linked with Siddhartha in Karnataka, Chennai and Mumbai.

25 Sep 2017 7:00 AM

Cafe Coffee Day chains are run by Coffee Day Enterprises.

Coffee Day shares fall 7 pc as I-T dept raids premises

Residence of V G Siddhartha who is chairman and managing director of CDE was also raided.

21 Sep 2017 10:51 AM

The market was established in the early 1960s. One of the most popular shops, Evergreen Sweet House, which is thronged by scores of people daily, was set up in 1963.

Encroachment by hawkers kills Green Park Market charm

Under the tehbazari policy of the MCD, hawkers are issued licenses to set up shops on footpaths and roads under the open sky.

05 Jun 2017 6:03 AM

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Syed Ata Hasnain