Latest News | Coffee Day Enterprises Shares Slump 2 Pc

New Delhi, Dec 9 (PTI) Shares of Coffee Day Enterprises Ltd on Thursday slipped more than 2 per cent after markets regulator Sebi issued a show cause notice to the company.

On BSE, the scrip settled 2.49 per cent lower at Rs 41.2. During the day, it was trading at a low of Rs 41.05

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On NSE, it closed the counter 2.01 per cent lower at Rs 41.4. Intra-day, it was trading at Rs 40.8.

"The company is in receipt of a show cause notice under Sections 11 and 11B of the SEBI Act...pursuant to the investigation report submitted by the company to SEBI on issues arising out of the letter left by the late Mr V G Siddhartha, former Managing Director of the company in connection with fund flows from the subsidiaries of the company," as per a regulatory filing on Wednesday.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)