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Coffee Day Enterprises Names Interim Chairman

The company has also set up a committee that will be vested with the powers of the chief executive and explore opportunities to deleverage the Coffee Day Group.

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Coffee Day Enterprises named S.V. Ranganath as interim chairman after founder V.G. Siddhartha was confirmed dead by the police on Wednesday.

Ranganath is currently a non-executive independent director.

The company has also set up a committee that will be vested with the powers of the chief executive and explore opportunities to deleverage the Coffee Day Group, the company said.

(Reuters)


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