Cdel

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Blackstone pays first tranche of Rs 150 cr for acquiring Coffee Day's technology park, remainder to be paid in a year
Business

Blackstone pays first tranche of Rs 150 cr for acquiring Coffee Day's technology park, remainder to be paid in a year

After Blackstone made the payment, it is expected that CDEL's working capital situation may improve and the majority of the proceeds may be utilised to bring down the overall debt of the company.

Yes Bank flashes red card to Cafe Coffee Day's plan to sell tech park to Blackstone Group; lender sets conditions for NOC
Business

Yes Bank flashes red card to Cafe Coffee Day's plan to sell tech park to Blackstone Group; lender sets conditions for NOC

In August this year, the board of directors of CDEL had approved the sale of Global Village Technology Park spread of 90 acres near Bengaluru to Blackstone for up to Rs 3,000 crore.