Coffee Day Enterprises sells Bengaluru IT park to Blackstone for Rs 2,700 crore, shares climb 5%
In a regulatory filing to the exchanges, the Coffee Day Enterprises said that it had signed definitive agreements with Blackstone Group and Bengaluru-based real estate developer Salarpuria Sattva Group for investment in GV Techparks Private Limited, a wholly-owned subsidiary of Tanglin Development Limited (TDL).
Last Updated: September 18, 2019 | 15:28 IST
The stock price of CCD rose 0.34% to Rs 73 in the morning session, against the last closing price of Rs 72.75 on BSE. It later climbed 5% to touch the intraday high of Rs 75.50.