For the first time since picking up 6% stake in Mindtree in 1999 at ₹41 a share, VG Siddhartha, the founder and chairman of Café Coffee Day, has sold a marginal stake in the open market. Siddhartha, along with Coffee Day Resorts, held 21% stake in the firm as of June 2013 quarter. A bulk of the purchase was made in 2011, when Siddhartha ramped up his stake at prices ranging between ₹450 and ₹475 just as Ashok Soota exited the firm. Recently, Siddhartha and Coffee Day Resorts sold 400,000 (0.48%) and 200,000 (0.96%) shares, respectively, in the open market. Both the transactions were struck at ₹1090.85 a share, cumulatively fetching ₹65 crore. Currently, both hold 10.50% (4.3 million shares) and 3.02% (1.25 million shares) stake, respectively. It would be interesting to watch if Siddhartha continues to pare his holding or waits for the long haul. In a recent media interaction, he had said, “I am committed to staying invested for five to eight years. I believe our new investments, too, will give a return of 25% over the next 10 years.”