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CCD parent Coffee Day Enterprises to raise Rs305 crore via NCDs

LiveMint logoLiveMint 11-03-2017 PTI

New Delhi: Coffee Day Enterprises Ltd, which runs Cafe Coffee Day, on Saturday said its board has approved raising of Rs305 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 Bombay Stock Exchange (BSE) filing.

The company will use the NCD proceeds for replacing the existing debt. The coffee chain’s Rs1,150-crore initial public offer (IPO) had hit the market in October 2015.

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