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Coffee Day Enterprises gives green signal to Rs 305 crore non-convertible debentures issuance

Coffee Day Enterprises, Which Runs Cafe Coffee Day, On Saturday Said Its Board Has Approved Raising Of Rs 305 Crore Through Issuance Of Non-convertible Debentures (NCDs).

News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 11 Mar 2017, 05:12:44 PM
Coffee Day Enterprises - File Photo (Getty)

New Delhi:

Coffee Day Enterprises, which runs Cafe Coffee Day, on Saturday said its board has approved raising of Rs 305 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

"The company at its board meeting held today inter alia approved draft disclosure documents for issue of rated, unlisted non-convertible debentures of Rs 305 crore on private placement basis," Coffee Day Enterprises said in a BSE filing.

The company will use the NCD proceeds for replacing the existing debt.

The coffee chain's Rs 1,150-crore initial public offer (IPO) had hit the market in October 2015. 

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First Published : 11 Mar 2017, 05:07:00 PM

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