The shares of Coffee Day Enterprises fell by 19.98 percent daily limit to a record low of ₹122.75. It has hit a record low for the second straight session.
The authorities said on Wednesday they have recovered the body of the founder and largest shareholder V.G. Siddhartha from a river in Mangaluru.
Read also: Body of Café Coffee Day founder VG Siddhartha found
The stock had plunged 20 percent on Tuesday, after Siddhartha went missing on Monday. Up to the last close, stock down is 45 percent this year.