Coffee Day Enterprises has received approval to invest in the newly incorporated 100% subsidiary - Coffee Day Consultancy Services. The investment will be done by the company and its material subsidiary Coffee Day Global.
The objective of Acquisition is to facilitate expansion of business of the subsidiary that is Coffee Day Consultancy Services and to expand the F&G business carried out by the subsidiary of Coffee Day Consultancy Services. The cost of Acquisition is worth Rs 26 crore.
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.
