as june this year siddhartha held 327 per cent stake his wife malavika hegde owned 405 per cent and four other promoter group companies devadarshini info technologies coffee day consolidations gonibedu coffee estates and sivan securities held a little over 17 per cent share in cdel at the end of june this brought their combined holding to 5393 per cent in the company the promoter entities had pledged as much as 757 per cent or 862 crore shares of their total holding in the company with siddhartha creating a fresh pledge of 139 per cent 292 lakh shares as recently as the end of june the pledge of shares in favour of kotak mahindra bank was for borrowings availed from kotak mahindra investments ltd in connection with the borrowings availed by group companies almost all of the shares held by sivan securities 021 per cent stake in cdel have been pledged similarly coffee day consolidations held 581 per cent in the company and nearly 9596 per cent of this was pledged as on june 30 2019 devadarshini info technologies and gonibedu coffee estates had 8307 per cent and 789 per cent of their shareholding pledged respectively data showed cdel is yet to announce its june quarter earnings it had informed the exchanges that its board would meet on august 8 to consider and approve standalone and consolidated results for the quarter ended june 30 2019 sr mbi anz hrs