Shares of Coffee Day Enterprises Ltd jumped 4.94 percent on Monday to trade at Rs 65.80 apiece.

The gain comes after an Economic Times report, citing unnamed sources, said that the promoters of the Bengaluru-based group are planning to restart talks with Coca-Cola to sell a significant stake in Cafe Coffee Day (CCD) to bring down the company's debt burden. It further said that Coca-Cola's spokesperson refused to comment on the "speculative news."

On Saturday, Coffee Day in an exchange filing provided clarification on the total debt burden the group holds and also said that it expects the debt amount to fall to Rs 1,000 crore after the completion of its recently announced deal to sell its Global Village Tech Park in Bengaluru to New-York based Blackstone Group.

"In the aftermath of the unfortunate demise of Mr. VG. Siddhartha, our Promoter and former Chairman and Managing Director, several speculations have been floating in the media with regard to the Debt Position of the Company and its subsidiaries. The management of the Company has decided to come out with a Press Re lease clarifying the Debt Position of the Company," the filing said.

The press release included a breakup of debts held by the company's various subsidiaries which came to a total of Rs 4,970 crore, including Rs 4,796 crore in secured loans and Rs 174 crore in unsecured loans.

"The Company has already announced the divestment of Global Village Tech Park (Global Village) held by its subsidiary Tanglin Developments Limited for an aggregate consideration of INR 2,600 - 3,000 crore. On receipt of the consideration for the sale of Global Village after payment of required Statutory payments, the debt position of Coffee Day Group will reduce around by INR 2,400 crore," the filing further said.

"The Debt Position of Coffee Day Group (excluding Sical and Magnasoft) post repayment of Debt out of proceeds from sale of Global Village is expected to be around INR 1,000 crore in the next 45 days. The Company expected to have a comfortable position to service the reduced debt obligations," it added.