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Why are Café Coffee Day shares rising 20% after Siddaramaiah resigned as Karnataka CM?
short by Ashley Paul / on Friday, 29 May, 2026
Shares of Coffee Day Enterprises, which operates Café Coffee Day outlets, jumped 20% on Friday, a day after Congress leader Siddaramaiah resigned as Karnataka's longest-serving CM. According to Moneycontrol, the two events are linked as Deputy CM DK Shivakumar is likely to succeed him. Shivakumar's eldest daughter, Aishwarya, is married to late CCD Founder VG Siddhartha's son Amartya Hegde.
read more at Moneycontrol