Sunday, March 29, 2020

Coffee Day repays Rs1,644cr debt with proceeds from tech business park sale; stock slips ~5%

Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs3,200cr as on March 27, 2020. This includes a debt of Rs1,400cr of its subsidiary, Sical Logistics, where disinvestment process is in progress. The company and subsidiaries have repaid around Rs4,000cr to the lenders since the beginning of this financial year.

from India Infoline News Service https://ift.tt/2xuO9Vg

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