Latest News
-
1:1 Bonus, 16.50/Share Dividend: NBFC To Recommend Dividend, Buy For TP Rs 900: Motilal Oswal -
Infosys Q4 Results: Cons PAT Shoots Up 30% YoY To Rs 7,975 Crore; FY25 Guidance Here -
Gold Prices In US: Yellow Metal Rates Propel To Record Highs Amidst Escalating Middle East Tensions -
Tata Motors To Utilize New $1 Billion TN Plant For Jaguar Land Rover Cars -
Closing Bell: Market Erases Early Gains To End Lower; Sensex & Nifty Plummet; HDFC Bank & ICICI Bank Weigh -
HDFC Life Q4 Results: PAT Soars 15% To Rs 411 Cr; Rs 2/Share Dividend Declared -
Rs. 17 Dividend Share: Do You Possess This Smallcap Stock, Which Is Set To Expire Today? -
SpiceJet Faces Turbulence As 3 Lessors Move NCLT Alleging Default Worth Rs 77 Crore -
These 7 Large Cap Mutual Funds Give Consistent Returns, Outperform Benchmarks; Do You Own Any? -
Decoding PSU Index: Post-COVID Rally To Continue After Elections? Top Stocks To Bet
Coffee Day Defaults Interest Payments On Debt
On Thursday, Coffee Day Enterprises Limited in a stock exchange filing said that it has defaulted payments of interest on its total debt worth Rs 489.48 crore.
On "loans or revolving facilities like cash credit from banks or financial institutions" worth Rs 280 crore, the parent company of Cafe Coffee Day cafe chain defaulted interest worth Rs 1.48 crore. As for debt in the form of "Unlisted Debt Securities i.e NCDs and NCRPS," interest default was to the extent of Rs 8 crore.
The total debt of Rs 489.48 is as of 31 December 2019.
Shares of Coffee Day Enterprises were trading higher by 4.69 percent at Rs 43.50 on NSE.
In September 2019, CDEL had signed definitive agreements with private equity major Blackstone and Salarpuria Sattva Group for sale of Global Village Tech Park in Bengaluru for Rs 2,700 crore to bring down the group's total debt burden.
