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Coffee Day gets Rs. 1800 crore from Blackstone for IT park deal, repays debts to 13 lenders

Usa city Mumbai covid-19 Government crisis stars
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From the Rs.1800 crore that has come on Friday, Rs. 1644 crore will be used for repaying debts and the rest will be retained by the company Mumbai: Amid a nationwide lockdown in the wake of Covid-19 breakout, American private equity giant Blackstone Group Ltd, on Friday, went ahead to pay Coffee Day Group Rs.1,800 crore -- the first tranche of the Rs.

2,700 crore deal to acquire Coffee Day Group’s Global Village Technology Park. The money from the sale of the 90-acre tech park on the outskirts of Bengaluru is to be used for repaying the debts of Cafe Coffee Day’s (CCD) associate firms and their promoters.

Founder V.G. Siddhartha committed suicide in July 2019. Coffee Day Enterprises Ltd (CDEL), the flagship of the conglomerate founded by

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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