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India's Coffee Day to sell Bengaluru tech park to Blackstone, cut debt

Reuters Wednesday, 14 August 2019 ()
Coffee Day Enterprises Ltd said on Wednesday it planned to sell a tech park it owned in the southern Indian city of Bengaluru to Blackstone for up to 30 billion rupees ($421 million), in an effort to cut debt.
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Recent related videos from verified sources

Body of Cafe Coffee Day owner VG Siddhartha found near Mangaluru river [Video]Body of Cafe Coffee Day owner VG Siddhartha found near Mangaluru river

The body of Cafe Coffee Day (CCD) founder VG Siddhartha was found from the banks of Netravathi River, two days after the coffee baron went missing. The 60-year-old went missing from the road bridge..

Credit: HT Digital Content     Duration: 03:05Published

Cafe Coffee Day founder VG Siddhartha goes missing, writes letter to board [Video]Cafe Coffee Day founder VG Siddhartha goes missing, writes letter to board

Cafe Coffee Day founder VG Siddhartha has gone missing from Mangaluru. Siddhartha went missing after asking his driver to drop him off at Netravathi bridge. Earlier, he wrote a letter to his employees..

Credit: HT Digital Content     Duration: 01:58Published


Recent related news from verified sources

Coffee Day Group to clear all due debt of Rs 4,970 crore

Bengaluru (Karnataka) [India], Aug 17 (ANI): Coffee Day Enterprises Ltd (CDEL) said on Saturday that total debt of the Coffee Day Group stands at Rs 4,970 crore...
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Coffee Day Enterprises to sell its Bengaluru tech park to Blackstone for up to Rs 3,000 cr to cut debt

Cafe chain operator Coffee Day Enterprises on Wednesday announced the sale of its Global Village Tech Park in Bengaluru to Blackstone for up to Rs 3,000 crore to...
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CDEL inks pact with Blackstone for Bengaluru tech park in a deal valued at Rs 2,600 to 3,000 cr

Bengaluru (Karnataka) [India], Aug 14 (ANI): Coffee Day Enterprises Ltd (CDEL) said on Wednesday it has signed a non-binding agreement with US-based private...
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Blackstone to acquire Coffee Day’s tech park

Blackstone, along with southern developer Salarpuria Sattva, has closed the deal to acquire Coffee Day Enterprises’ real estate venture Tanglin Developments,...
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