• Coffee Day group’s outstanding debt at Rs 4,970 cr

    Coffee Day group’s outstanding debt at Rs 4,970 cr

    Published Date : 17-Aug-2019 11:03:23 IST

    Coffee Day Group on Friday clarified its debt position following Founder VG Siddhartha’s demise and said all obligations will be honoured. Its debt stood at ₹4,970 crore, which would reduce by about ₹2,400 crore following the sale of its Bengaluru technology park. Coffee Day added that its subsidiary Sical Logistics would sell certain assets to significantly reduce its ₹1,488-crore debt.

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