VG Siddhartha’s Coffee Day Enterprises Limited (CDEL) saw a tepid response at the stock market after it got listed last November (although the company was valued at more than $1 billion). This muted reaction was attributed, in part, to CDEL’s varied interests (real estate, logistics, etc)—some considered them a distraction from the core business, while others call them ‘balancers’. It’s early days, however, and some of its biggest investors are still invested.
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