Shares of Coffee Day down 20% as founder goes missing

NEW DELHI: Coffee Day Enterprises hit lower circuit on the BSE during the early trade on Tuesday following reports that V.G. Siddhartha, the company’s founder has gone missing.

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Siddhartha reportedly went missing late on Monday and is suspected to have jumped off a bridge in Mangaluru. However, IANS cannot confirm this at the moment.

According to reports a search operation is currently underway while Siddhartha’s phone remains switched off.

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