V.G. Siddhartha’s wife Malavika Hegde appointed new CEO of Coffee Day
Coffee Day Enterprises Ltd (CDEL) runs a chain of Cafe Coffee Day restaurants in India
C.H. Vasundhara Devi, Giri Devanur and Mohan Raghavendra Kondi are its independent directors
CDEL owner V.G Sidhdhartha allegedly committed suicide in August 2019
Since his death, Coffee Day group has been facing immense pressure to repay debts
Rs 3,535 crore was siphoned off from the company by the entrepreneur’s personal firm MACEL
