Coffee Day stock resumes trading
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Last Updated: Apr 26, 2021, 12:41 PM IST
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Shares of Coffee Day Enterprises last traded in February 2020 at around Rs 26. The stock was trading around Rs 47 on Monday morning.
The Coffee Day Group has been running as a going concern after founder VG Siddhartha s death in July 2019.
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Bengaluru: Coffee Day Enterprises (CDEL) shares resumed trading on the NSE and BSE on Monday after market regulator SEBI gave a green signal for relisting.
Shares of the company last traded in February 2020 at around Rs 26. The stock was trading around Rs 47 on Monday morning.
The Coffee Day Group has been running as a going concern after founder VG Siddhartha s death in July 2019. The holding company has been making efforts to raise capital from investors to pare debts.
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After a strong relisting, shares of Coffee Day Enterprises ended 5 per cent lower on likely profit booking by investors. The stock re-listed at Rs 48.50 on the National Stock Exchange, a significant premium to the previous close.
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The company has a debt of Rs 280 crore from banks or financial institutions.
While trading in the scrip remains suspended in the official market, the shares continue to change hands in off-market deals.
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NEW DELHI: Shares of distressed beverages firm Coffee Day Enterprises (CDEL) said trading in its shares would be resumed on BSE and NSE from April 26. The announcement has sent the stock rallying in the grey market, or unofficial market for unlisted shares, where the stock is seeing huge demand.
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