SEBI Levies Rs 26 Cr Fine On Coffee Day Enterprises For Irregularities

SEBI, or the Securities and Exchange Board of India, fined Coffee Day Enterprises, the parent company of Cafe Coffee Day, on January 24 for diverting funds from subsidiaries to a business connected to the promoters. The Securities and Exchange Board of India (Sebi) said in an order that the company has been directed to pay the fine within 45 days The company in consultation with the National Stock Exchange, is required to appoint an independent law firm to take effective steps for recovery of the outstanding dues. Further, SEBI has…

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Coffee Day Enterprises June Quarter Loss Narrows To Rs 18 Cr

Coffee Day Enterprises Ltd has reported narrowing of its consolidated net loss to Rs 18 crore for the quarter ended June 30, 2022. The company had posted a net loss of Rs 117.28 crore in the April-June period a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing on Friday night. CDEL’s revenue from operations climbed over two-fold to Rs 210.49 crore as against Rs 81.52 crore in the corresponding quarter last fiscal. Total expenses were at Rs 237.75 crore, up 17.96 per cent from Rs 201.54…

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