Coffee Day Enterprises locks 20% upper circuit on Karnataka political reshuffle

CDEL shares surged to the 20% upper circuit after Karnataka CM Siddaramaiah's resignation cleared the path for DK Shivakumar—linked to CCD's founding family via his daughter's marriage to VG Siddhartha's son. Traders are pricing in potential tailwinds for the debt-laden coffee chain operator.

— Filed Fri, 29 May, 2026, 20:48 IST · Source Moneycontrol · Results · Updated

Coffee Day Enterprises shares hit 20% upper circuit after Karnataka CM Siddaramaiah's resignation, as DK Shivakumar—linked to CCD's founding family through his daughter's marriage to VG Siddhartha's son—is expected to become the next CM.

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