Coffee Chain

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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.

I-T Department releases Coffee Day's Mindtree shares; attaches VG Siddhartha's partial stake in coffee venture
Business

I-T Department releases Coffee Day's Mindtree shares; attaches VG Siddhartha's partial stake in coffee venture

Last month, Income Tax Department had attached 74.90 lakh shares of Mindtree, in which 22.20 lakh shares belonged to Coffee Day Enterprises and 52.70 lakh shares belonged to its promoter Siddhartha.