Coffee Day Enterprises, which runs Cafe Coffee Day, is planning to raise up to Rs 150 crore through issuance of Non-Convertible Debentures (NCDs). The Board of Directors will meet on March 30, 2017 to consider the issuance of rated redeemable, secured, un-listed NCDs. The said 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.
