V G Siddhartha to demerge his non-consumer business.
V G Siddhartha, Owner, Cafe Coffee Day is planning to demerge his non-consumer businesses and go for public listing by early next year, stated a media report.
The holding company, Coffee Day Resorts, is likely to be renamed as part of the preparations for the listing. According to the data by Ministry of Corporate Affairs, Siddhartha and his wife own a 59 percent stake in the holding company with the three big global investors owning 32.95 percent. Another foreign investor owns 3.51 percent while other family members holding the residual shares.
This could mean Siddhartha carving out a separate holding company for his infrastructure and other investment interests.