Coffee Day Holdings in final deal talk with Temasek, KKR
Coffee Day Holdings in final deal talk with Temasek, KKR
Bangalore/New Delhi: Singapore state investor Temasek Holdings Pte Ltd, Standard Chartered Private Equity Ltd and buyout firm Kohlberg Kravis Roberts and Co. (KKR) are starting the final round of discussions for a $125 million (Rs571.25 crore) investment in Coffee Day Holdings Co. Pvt. Ltd, according to people familiar with the development.
Coffee Day Holdings could also be discussing parallel deals with two of the three funds for raising up to $125 million, the people said.
When contacted, Coffee Day Holdings’ chief financial officer Monish Gopinath declined to comment on the latest developments.
Coffee Day Holdings is the holding entity of Cafe Coffee Day, India’s largest cafe chain, Coffee Day Hotels and Resorts Pvt. Ltd, broking firm Way2Wealth Brokers Pvt. Ltd, venture capital firm Global Technology Ventures Ltd and Tanglin Development Ltd, which is developing technology parks in Bangalore and Mangalore.
Siddhartha recently said that Coffee Day Holdings was planning a capital expansion of Rs1,700 crore under which it will invest Rs700 crore in retailing business and another Rs750 crore in infrastructure and special economic zones.
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