Coffee Day Enterprises’ subsidiary -- Sical Logistics is planning to raise Rs 100 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The company will utilize the proceeds of funds raised for redemption of an existing NCDs of Kotak Mahindra Bank.
Coffee Day Enterprises is an Industrial Conglomerate. It runs a restaurant chain Cafe Coffee Day as a subsidiary. The firm also offers services for technology parks and SEZs, logistics, investments, financial services and hospitality.
