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Markets Print edition: 2023-01-25

Coffee Day

Published January 25, 2023 Updated January 25, 2023 06:25am
By

BENGALURU: India’s Coffee Day Enterprises was fined 260 million rupees ($3.2 million) by the markets watchdog for failing to recover dues from a sister concern, an order published on the regulator’s website showed on Tuesday.

These funds were diverted from the company and its seven subsidiaries causing losses to the shareholders, it added.

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