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.
Coffee Day Enterprises seeks lenders nod for completion of deal to sell Global Village Tech Park to Blackstone
Coffee Day Enterprises is seeking its lenders's nod for the completion of the deal to sell Bengaluru-based Global Village Tech Park to global investment firm Blackstone and realty firm Salarpuria Sattva at an enterprise value of Rs 2,700 crore, the company said on Wednesday
Coffee Day Enterprises reports multi-fold jump in net profit at Rs 1,567 cr thanks to Mindtree disinvestment
The company, which runs Cafe Coffee Day chains, had reported a profit of Rs 21.06 crore for April-June period a year ago
Blackstone Group all set to buy Cafe Coffee Day's Global Village Tech Park; firm's debt to come down by more than half post-deal
Accordingly, Blackstone and South-based developer Salarpuria Sattva will acquire the 90-acre, technology park held by subsidiary, Tanglin Retail Realty.
Coffee Day Enterprises to sell its Bengaluru tech park to Blackstone for up to Rs 3,000 cr to cut debt
Cafe chain operator Coffee Day Enterprises on Wednesday announced the sale of its Global Village Tech Park in Bengaluru to Blackstone for up to Rs 3,000 crore to cut its debt