Blackstone proceeds to acquire Coffee Day’s tech park in Bangalore
- The embattled Coffee Day, which runs India’s largest coffee chain, has been trying to sell assets to repay its debt after the unexpected death of its founder V. G. Siddhartha last year
Blackstone Group Inc. has proceeded with the acquisition of Coffee Day Enterprises Ltd.’s technology park as it is set to pay the first tranche of ₹150 crore ($21 million) as soon as Wednesday, people familiar with the matter said.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more