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Coffee Day Enterprises raises Rs 334 cr from anchor investors

The operator of the popular Cafe Coffee Day (CCD) chain plans to mop up Rs 1,150 crore through the IPO, which would be the biggest in the country in nearly three years.

"We have made an extremely tough decision: we plan to part ways with up to 336 people from across the company,"  CEO Jack Dorsey said in a letter to employees.
Sebi chairman U K Sinha said that the market regulator would recommend to the government even tax concessions for start-ups.

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