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.
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.
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google