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Jalsa Mall Jaipur 9571923333

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Cafe Coffee Day files for $181 million IPO| Reuters

Jun 26, 2015    

MUMBAI The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, has filed a draft prospectus with regulators for an initial public offering (IPO) to raise as much as 11.5 billion rupees ($181 million).Kotak Mahindra Bank, Morgan Stanley and Citigroup are among the underwriters for the IPO, the draft prospectus said.India's biggest cafe operator opened its first shop in 1996 and has grown to more than 1,500 outlets as more young, urban consumers opt for cappuccino over tea and seek out spaces to socialise in overcrowded, traffic-congested cities.The application process with the ...

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