Page 3 - Coffee Day Enterprises

Coffee Day Q1 net jumps to Rs 1,509 cr on one-off gain from Mindtree sale

Net profit stood at Rs 17 crore in the first quarter of last financial year, while it was at Rs 26 crore in Q4 of FY19

CCD sees better working capital flows but no moratorium on loan repayments

In September, CDEL decided to sell the Global Village Tech Park to private equity major Blackstone and realty firm Salarpuria Sattva Group for Rs 2,700 crore

CCD promoter's death led to liquidity crisis, impacting Q2 results: Sical

The company has reported a pre-tax loss of Rs 43.19 crore for the quarter ended September 30, 2019, compared with a Rs 7.77-crore profit before tax during the same quarter last year

Brickwork downgrades Coffee Day affiliate's bonds from "BBB-" to 'D'

Earlier, the rating agency had placed instrument on credit watch with negative implications.

Promoters' holding in Coffee Day dips 28% to 25.35% as of Sept quarter

The demise of Siddhartha worried market participants and lenders over the high debt level of the group

Sical Logistics hits 5% upper circuit on reports Coffee Day may sell stake

After its founder VG Siddhartha's death in July, promoters of the coffee chain have been exploring possibilities of inducting an investor in the debt-laden company.

Top 10 biz headlines: No GST relief for auto cos, opposition to RCEP & more

From chances of the auto industry having to wait longer for a GST rate cut on cars to Maruti Suzuki planning to lease 100 sales outlets to car dealers, here are the top business headlines for Monday

Coffee Day Enterprises ropes in IDFC arm to identify strategic options

IDFC Securities would also advise on refinancing of existing debt and raising additional facilities to repay debt in CDEL

V G Siddhartha's disappearance 'utterly fishy': Cong leader D K Shivakumar

In a letter purportedly written by Siddhartha to the Board of Directors and employees of Coffee Day Enterprises, he said: "I have failed as an entrepreneur."

CCD ropes in former CBI DIG to probe Siddhartha's letter, scrutinise books

Audit firm EY which was earlier given the task opted out owing to certain conflict of interest

Coffee Day gets Registrar of Companies approval to extend AGM by 45 days

According to Companies Act, every company must hold its AGM within six months from the closing date of financial year, which ends on September 30

Coffee Day Enterprises hits 5% upper circuit after falling 68% in 3 weeks

News reports suggest that the promoters of the company are planning to restart talks with Coca-Cola for selling a part of their stake in the company to pare debt.

Coffee Day seeks more time from creditors to repay Rs 4,970-crore debt

After the demise of Coffee Day founder V G Siddhartha last month, this is the first time the group gave a clear picture of its overall debt position

Bengaluru IT park sale to reduce debt burden to Rs 1,000 cr: Coffee Day

The financial position and asset base of the Coffee Day Group will be comfortable to service the debt obligations of the entire group in full

Coffee Day Group's Sical Logistics seeks one-time moratorium from lenders

Sical has been working on the divestment of certain assets and the proceeds from divestment are expected to significantly reduce the company's debt

Top 10 biz headlines: PM to take call on stimulus, exports recover & more

From the finance ministry briefing PM Modi about the economic situation to merchandise exports recovering a bit, here are the top business headlines for Thursday

Coffee Day to sell Global Village Tech Park to Blackstone for Rs 3,000 cr

Deal with Blackstone will help group reduce debt

Coffee Day to expand board, Siddhartha's wife to be non-executive chairman

After the resignation of Sulakshana Raghavan last week, the board is planning to induct two independent directors soon

A lot can happen over coffee

CCD's biggest achievement has been to get a predominantly tea-drinking country (especially the North & West) to take to coffee with such gusto

Coffee Day board appoints EY for audit; to choose strategic advisor soon

In its last board meet held on July 31, the board had roped in law firm Cyril Amarchand Mangaldas as its legal counsel to advise on related matters