Coffee Day Enterprises confirms Chairman Siddhartha's absence, writes to BSE, NSE
Siddhartha is son-in-law to Former Karnataka Chief Minister S M Krishna. Siddhartha has been missing since last evening from Mangaluru
The company which owns Cafe Coffee Day, Coffee Day Enterprises confirmed the absence of its Chairman and Managing Director V G Siddhartha and wrote to National Stock Exchange(NSE) and Bombay Stock Exchange(BSE).
"This is to inform you that V G Siddhartha, Chairman and Managing Director of Coffee Day Enterprises Limited has not been reachable since yesterday evening. We are taking the help of concerned authorities. Company is professionally managed and led by a competent leadership team, which will ensure continuity of business," informed the letter to both the stock exchanges.
Siddhartha is son-in-law to Former Karnataka Chief Minister S M Krishna. Siddhartha has been missing since last evening from Mangaluru.
Congress leader DK Shivakumar visited former Karnataka CM, SM Krishna at his residence in Bengaluru, early morning today. SM Krishna's son-in-law & founder-owner Cafe Coffee Day, VG Siddhartha has gone missing in Mangaluru. pic.twitter.com/B5FLwzQVf1— ANI (@ANI) July 30, 2019
Mangaluru Police Commissioner,S Patil on VG Siddhartha (in file pic) missing case:I visited SM Krishna's (former Karnataka CM & father-in-law of VG Siddhartha) house last night. I spoke to Siddhartha's wife&other relatives and gathered some information.I'm currently in Bengaluru. pic.twitter.com/lllHbewOBX— ANI (@ANI) July 30, 2019
After the founder was reported missing, Coffee Day Enterprises shed 20 per cent to trade at Rs 154.05 per share.
According to a senior Karnataka police officer, Siddhartha was last seen on the Netravati bridge on Monday evening where he had gone to take a stroll.
The police have launched a search operation and a dog squad and inflatable boats have been deployed.
Dist Commissioner, Dakshin Kannada, Sasikanth Senthil on VG Siddhartha missing case: We are conducting search & rescue operation. 8 teams conducting search along with Coast Guard and NDRF. We have also asked for support from Navy, Karwar. pic.twitter.com/Wl8qPhNItR— ANI (@ANI) July 30, 2019
The police commissioner said, "We used the dog squad and it stopped at the middle of the bridge. We are taking help of the local fisherman to search in the river. Everyone that he had spoken last is being contacted for relevant information".
(with inputs from ANI)
Edited by mid-day online desk with inputs from Agencies
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