Coffee Day Enterprises has entered into the Definitive Agreement to sell Way2Wealth Securities including its certain subsidiaries to Shriram Ownership Trust. Shriram Ownership Trust is the Promoter of Shriram Capital which is the holding Company for their large NBFC and Insurance Businesses.
Further, the acquisition will be subject to the closing conditions and required statutory approvals. The above-mentioned transaction shall help in further deleveraging the Coffee Day Group and ensure smooth operations while safeguarding the interests of all stakeholders, including investors, lenders, employees and customers.
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.
