Coffee Day sells Global Village Tech Park for ₹2,800 cr to Blackstone1 min read 06 Sep 2019, 07:45 PM IST
The money will be credited to CDEL within the next week, said a person aware of the deal
₹2,000 crore from the proceeds of the deal will be used to repay debts of CDEL and ₹800 crore will be going to the books of CDEL to meet its working capital requirements
Mumbai: Coffee Day Enterprises Ltd (CDEL), the holding company of Coffee Day Group founded by the late V.G. Siddhartha, on Friday closed the deal to sell the Global Village Technology Park in Bengaluru to New York-based private equity giant Blackstone Group Llp.
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