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Coffee Day Enterprises planning to raise up to Rs 200 crore via NCDs

Coffee Day Enterprises planning to raise up to Rs 200 crore via NCDs

Coffee Day Enterprises is planning to issue Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 200 crore in one or more tranches. The above mentioned issue of NCDs is for the purpose of re-financing the existing debt.

The meeting of the Board of Directors of the company is scheduled to be held on March 22, 2019, to consider the same.

Coffee Day Enterprises is the parent company of the Coffee Day Group, which houses Cafe Coffee Day that pioneered the coffee culture in the chained cafe segment in India.

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