Shares of Coffee Day Enterprises down 20% as founder goes missing

Mumbai, July 30 

Coffee Day Enterprises hit lower circuit on the BSE during the early trade on Tuesday following reports that V.G. Siddhartha, the company's founder has gone missing.

Siddhartha reportedly went missing late on Monday and is suspected to have jumped off a bridge in Mangaluru. However, Media cannot confirm this at the moment.

According to reports a search operation is currently underway while Siddhartha's phone remains switched off.