Coffee Day Share Suspended
Coffee Day Enterprises Ltd (CDEL), the company that owns and runs the Cafe Coffee Day chain, announced on Tuesday (November 5) that stock exchanges have suspended trading of its securities under the additional surveillance measure (ASM) as part of the Insolvency and Bankruptcy Code (IBC) criteria, with effect from November 5, 2024.
The shares of the chain owner will only be traded once a week, on Mondays or the first trading day of the week, until stock exchanges review the situation after at least one month in IBC Stage 1
FAQ-
Coffee day share delisted or not?
Yes, Coffee day suspended from share Market by 5 Nov 2024- That is why it is coffee day share not showing in Broker app like groww, AngelOne and Zerodha
- It has met the criteria under ASM for companies as per IBC.
- Can be Traded only one a week or Monday or opening day
Coffee day share delisted or not?
Not fully, as It’s sequrities can be traded only one a week on Monday or first day of opening of trading.
Until further evaluation by stock exchanges following the completion of at least one month in IBC Stage I.
It is hereby emphasized that the CIRP process was begun vide NCLT Bangalore order dated August 8, 2024, and the corporation received a stay from NCLAT.
Coffee Day IBC