The sale of Global Village Tech park reportedly involves an initial payment of Rs 2,000 crore in the coming weeks while the remaining Rs 700 crore will be paid within the next one year. This is CDEL's first major divestiture in a bid to pare down its Rs 4,970 crore debt.

This development comes less than a month after CDEL, owner of cafe chain Cafe Coffee Day, sold Global Village Tech Park to Blackstone. The company has been trying to divest its assets to pare its debts since the death of its founder, VG Siddhartha.

VG Siddhartha's body was recovered after 36 hours of search operation at around 6:50 am on Wednesday morning from the Nethravati River in Karnataka

VG Siddhartha, popularly known as the coffee king of India, left everyone baffled after he went missing from Mangaluru on July 29, 2019. Watch the video to know how the owner and founder of Cafe Coffee Day (CCD) became a full-time investor in the stock market and doubled his wealth with the liberalisation of coffee trading in the 1990s and how he established a coffee culture in the country.

A letter, allegedly written by Cafe Coffee Day founder VG Siddhartha, claims that he was under pressure over his failure to create a profitable business. Business today.in editor, Rajeev Dubey explains how and why that's questionable.

The promoter of the company, V.G. Siddhartha, along with certain other parties has signed a definitive agreement to sell their entire stake in Mindtree Ltd to Larsen & Toubro for a consideration not exceeding Rs 3,269 crore.

Coffee Day Trading and V.G. Siddhartha, promoter of the company, along with certain other parties have signed a definitive agreement to sell their entire stake in Mindtree Ltd to Larsen & Toubro Limited for a consideration not exceeding Rs 3,269 crore.

The issue size is Rs 1,200 crore and 20.4 crore shares are on sale. The price band is Rs 56 to 60. The issue will remain open till May 11, 2017. Shares are available in lot of 200 shares and multiples thereafter.

As we get ready to see off 2014, let's see how the mutual fund industry changed during the year.