The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for V G Siddhartha
COFFEEDAY · price
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Coffee Day Enterprises has informed the stock exchanges that shares previously held by its late founder, Mr. V G Siddhartha, have been transmitted to his wife, Mrs. Malavika Hegde, under inheritance proceedings. This is a transmission (legal transfer due to death) rather than a market purchase or sale, so the total promoter shareholding in the company remains unchanged — only the individual within the promoter group holding those shares has changed. Mr. V G Siddhartha, who founded the Cafe Coffee Day chain, passed away in 2019, and this filing marks the formal intimation of the conclusion of the transmission process for his stake. The company has submitted the intimation under both the SEBI Insider Trading Regulations, 2015 and the SEBI Takeover Regulations, 2011.
No material impact on shareholding pattern or stock price is expected, as this is an internal promoter-group transfer with no change in total promoter ownership. The filing mainly brings closure and clarity to the succession of the founder's stake, which had been pending for years.