Sebi imposes Rs26 crore penalty on Coffee Day Enterprises
- Sebi in its investigation found out that funds amounting to ₹3,535 crore were diverted from 7 subsidiaries of CDEL to Mysore Amalgamated Coffee Estates Ltd, an entity related to promoters of CDEL
MUMBAI : Coffee Day Enterprises Ltd (CDEL) was penalized ₹26 crore by the Securities and Exchange Board of India (Sebi) on Tuesday for alleged fund diversion. CDEL is the parent company of Café Coffee Day.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more