Saturday , December 14 2019
Home / BUSINESS / Coffee Day Enterprises to raise Rs 100 crore via NCDs
Coffee Day Enterprises to raise Rs 100 crore via NCDs

Coffee Day Enterprises to raise Rs 100 crore via NCDs

Coffee Day Enterprises has received an approval for the issuance of up to 1000 Unlisted, Rated, Redeemable, Non-Convertible Debentures (NCDs), each of a face value of Rs 10 lakh aggregating to Rs 100 crore on private placement basis. The Board of the company at their meeting held on October 29, 2018, approved the same. The above mentioned issue of NCDs is for the purpose of replacing the existing debt.

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.