CCD may get public listing
V G Siddhartha, Owner, Cafe Coffee Day is planning to demerge his non-consumer businesses and go for public listing by early next year, stated a media report.
The holding company, Coffee Day Resorts, is likely to be renamed as part of the preparations for the listing. According to the data by Ministry of Corporate Affairs, Siddhartha and his wife own a 59 percent stake in the holding company with the three big global investors owning 32.95 percent. Another foreign investor owns 3.51 percent while other family members holding the residual shares.
This could mean Siddhartha carving out a separate holding company for his infrastructure and other investment interests.
Latest Updates
ExpansionThe company also introduced passenger services under its Elite Assist brand at the airport, including meet-and-greet and porter services, with plans…
ExpansionThe Sector 50 opening expands Anardana’s presence in Noida and represents the brand’s move towards larger-format restaurants that combine dining,…
LeadershipThe appointment adds hospitality-sector finance experience to KHIL's leadership team as the company continues to focus on financial discipline,…
FoodJubilant FoodWorks has identified 200 locations for Popeyes' future expansion and plans to add approximately 35–40 stores annually over the next…