Coffee Day Enterprises hits 20% lower circuit; VG Siddhartha's body found

Siddhartha went missing on Monday night en route to Mangaluru, with a letter purportedly written by him showing he was under "tremendous pressure" from lenders and one of the PE partners.

Shares of Coffee Day Enterprises, the parent company of India's largest coffee chain Cafe Coffee Day (CCD), hit lower circuit limit of 20 per cent for the second consecutive day on Tuesday, after news reports said the body of the company's founder VG Siddhartha has been found from the Nethravathi river. 

Siddhartha's body was found on the banks of the river near the Hoige Bazaar in Mangaluru, according to news agency ANI. CLICK TO READ FULL ARTICLE

Siddhartha, the founder of India’s largest coffee chain, went missing on Monday night en route to Mangaluru, with a letter purportedly