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Income Tax Dept releases Coffee Day's MindTree shares; attaches VG Siddhartha's partial stake in Coffee Day

Updated : February 15, 2019 08:28 AM IST

Last month, the Income Tax Department had attached 74.90 lakh shares of Mindtree, in which 22.20 lakh shares belonged to Coffee Day Enterprises and 52.70 lakh shares belonged to its promoter Siddhartha.
"The company and the promoter, VG Siddhartha, have received orders dated February 13, 2019, for release of provisional attachment of Mindtree shares under section 281B of Income Tax Act, 1961 vide ordered on January 25, 2019," Coffee Day Enterprises said in a regulatory filing.
Income Tax Dept releases Coffee Day's MindTree shares; attaches VG Siddhartha's partial stake in Coffee Day
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