Coffee Day Enterprises has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, March 30, 2017 at the registered office at 23/2, Coffee Day Square, Vittal Mallya Road, Bangalore 560001 to consider the Issuance of Rated Redeemable, Secured, Un-listed Non Convertible Debentures for an amount not exceeding Rs 1500 Million. The above mentioned issue of NCDs is for the purpose of replacing the existing debt.
The above information is a part of company’s filings submitted to BSE.