CCD operator's shares fall 10% after income tax raids
Shares of Coffee Day Enterprises, operator of Cafe Coffee Day, fell nearly 10% during intraday trade on Monday after Income Tax Department raids found â¹650 crore concealed income from seized documents. Search operations were conducted at 25 places of Cafe Coffee Day and its group companies in Karnataka, Mumbai and Chennai. Raids were also conducted on founder-owner VG Siddhartha's residence.