Bangalore: Malavika Hegde, wife of the late VG Siddhartha, has been appointed CEO of Cafe Coffee Day. This change of regime comes at a time when liabilities are rising and losses are rising.
Siddhartha was died in 2019 and since then the liabilities are increasing. New appointments of Malavika and other assistant directors will expire on December 30, 2025. The new appointments were made by Day’s Enterprises Board meeting conducted on Monday.
Along with the power change, the stock exchange have a experienced an increase in the shares of Cafe Coffee Day.