Coffee Day Enterprises has received an approval for issue of rated, unlisted, secured, redeemable, non-convertible debentures (NCDs) of Rs 150 crore on private placement basis. The said issue of NCDs is for the purpose of replacing the existing debt. The board of directors at their meeting held on March 30, 2017, has approved for 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.
