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Coffee Day zooms 4% after Rs 1-cr penalty on auditors in funds diversion case

The issue relates to the diversion of funds worth Rs 3,535 crore from seven subsidiaries of CDEL to Mysore Amalgamated Coffee Estate Ltd (MACEL). MACEL is owned and controlled by the promoters of CDEL.
Tanglin Developments Ltd National Financial Reporting Authority Sundaresha Associates Mysore Amalgamated Coffee Estate Ltd Coffee Day Enterprises Limited Coffee Day

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