Coffee Day Enterprises to file for Rs 1,150 cr IPO next month

27 May 2015

Coffee Day Enterprises Ltd (CDEL) is planning to file for IPO next month to raise Rs 1,150 crore, said the media reports.

The holding company of the Cafe Coffee Day (CCD) chain of restaurants founded in 1996 by V.G. Siddhartha, CDEL intends to use the proceeds of the offering to repay existing debt. It also plans to open new outlets.

CDEL is valued at Rs.6,200 crore and owns Amalgamated Bean Coffee Trading Co. Ltd (ABCTL), the company which runs the cafe chain. CDEL also owns Coffee Day Hotels and Resorts Pvt. Ltd, Global Technology Ventures Ltd and Tanglin Developments Ltd.

Source: Dion Global Type: IPO Related

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