Coffee Day Enterprises locked at 20% lower circuit after founder goes missing

There were pending sell orders of 2,124,708 shares, with no buyers available.

Shares of Coffee Day Enterprises shed 20 percent in the early trade on July 30 after Cafe Coffee Day founder VG Siddhartha was reported missing since the night of July 29.


The police said it has begun search operations.

There were pending sell orders of 2,124,708 shares, with no buyers available.

The share has touched a 52-week low of Rs 154.05.

Siddhartha got off his car at a bridge near the Nethravati River, near Mangaluru. The driver alerted family members after he didn't return for an hour.

The driver said Siddhartha was on a phone call when he got off the car. Helicopters and Coast Guard have been called for search operations, News18 has reported.

The Dakshina Kannada police have launched a search near the Nethravati River.

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