After the unfortunate demise of Cafe Coffee Day‘s chief, late VG Siddharth, Cafe Coffee Day Enterprises board appointed Malavika Hegde, as chief executive officer of the company.

The board also appointed CH Vasudhara Devi, Giri Devanur, and Mohan Raghavendra Kondi as additional directors, and recommended their appointment as non-executive independent directors for a period of five years from December 31.

Mohan Raghavendra Kondi was also inducted on the board of Coffee Day Global.

Cafe Coffee Day is a listed firm in stock market and has been scavenging new investors to combat effects of both downtrodden leadership and COVID-19. Company opens its stakes to be ste forth and can be exercised to fetch good investors to reach the previous high, where the firm was.

The Coffee Day Group currently runs a chain of about 750 outlets and operated, until lockdown, about 60,000 vending machines in places such as technology firms, hospitals, offices, malls, and educational institutions.

Café Coffee Day (CCD) is an Indian café chain. It is a subsidiary of Coffee Day Enterprises Limited. Coffee Day serves 160 crore (1.6 billion) cups of coffee annually in six countries. Internationally, CCDs are present in Austria, Czech Republic, Malaysia, Nepal and Egypt.


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