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Last week, the bankruptcy court passed an oral order in which it admitted the unlisted company for insolvency based on a petition filed by IndusInd Bank. Till now, there has been no official statement by the Coffee Day Group.
Coffee Day Global, which runs the Cafe Coffee Day chain in India, has been admitted for corporate insolvency by the Bengaluru bench of the bankruptcy court following a petition filed by IndusInd Bank. A subsidiary of listed Coffee Day Enterprises, which was promoted by the late VG Siddhartha that committed suicide in 2019, the company has outstanding debt of ₹67.3 crore from IndusInd Bank as of 31 March 2022, with the total debt standing at ₹960 crore, according to its annual report.
CCD buzzing in grey market ahead of relisting: A trap or opportunity? SECTIONS Share The company has a debt of Rs 280 crore from banks or financial institutions. While trading in the scrip remains suspended in the official market, the shares continue to change hands in off-market deals. Related NSE Explore Now NEW DELHI: Shares of distressed beverages firm Coffee Day Enterprises (CDEL) said trading in its shares would be resumed on BSE and NSE from April 26. The announcement has sent the stock rallying in the grey market, or unofficial market for unlisted shares, where the stock is seeing hug...
Bengaluru: Coffee Day Enterprises said it has Rs 518 crore of debt, including both short and long term, and that it has defaulted on about Rs 263 crore of payments. In a disclosure to stock exchanges, the Bengaluru-based company that runs a chain of Cafe Coffee Day outlets, said it owed Rs 280 crore, availed of as cash credits from banks or financial institutions, and another Rs 200 crore in unlisted debt services. It also owes interest on the defaulted loans. A senior Coffee Day executive told ET that the company owed money to four lenders including Axis Bank, SSG Singapore and Aditya Birla...
Synopsis Off-market dealers says the company is likely to be back on track this year. They are buying the management view at the AGM, where it asserted that the worst is over for the company. CCD had 1,192 cafes in operation across 208 cities in FY20, compared with 1,752 in 243 cities a year ago, the annual report said. However, the number of vending machines increased to 58,697 from 56,799. NEW DELHI: Shares of distressed beverages firm Coffee Day Enterprises (CDEL) are catching the eyes of investors in the unofficial market, when the stock price has doubled in just five days in the new cale...