Prepared by former CBI official Ashok Kumar Malhotra, the draft report could give details of how funds worth up to Rs 2,000 crore went missing from Coffee Day Enterprise's accounts 

The buzz is that the investors include Ant Financial, one of Paytm's earliest backers, and Softbank Group Corp, which had pumped in $1.4 billion last year, the largest fund infusion by a single investor in a desi start-up

Coffee Day Enterprises had signed definitive agreements with Blackstone Group and Bengaluru-based real estate developer Salarpuria Sattva Group for an investment of Rs 2,700 crore in GV Techparks Private Limited, a wholly-owned subsidiary of Tanglin Development Ltd (TDL)

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.

According to latest data available with exchange, Edelweiss and Indusind Bank, the lenders to troubled Gonibedu Coffee Estate, invoked entire 5.24 per cent of the CDEL shares, the promoter company had pledged with them

The Coffee Day Enterprises share has risen for the first time in last three-weeks after the sudden demise of its founder VG Siddhartha; the stock has fallen as much as 68 per cent since July 26, 2019, from Rs 195 to hit an all-time low of Rs 62.95 on August 16

Biggest share of the group's loans is with the real estate development subsidiary, Tanglin Developments, which has secured unpaid loans of Rs 1,622 crore

The closure of the transaction will be subject to Blackstone completing due diligence, documentation and receiving regulatory approvals. The company expects the formalities to complete in the next 30-45 days

Unravelling the mystery behind the death of India's coffee magnate

In February, the government awarded six airports - Ahmedabad, Lucknow, Jaipur, Guwahati, Trivandrum and Mangalore - to the Adani Group on a 50-year lease

The top five financial institutions that lent money to Coffee Day Enterprises on 'personal guarantee' included ; Axis Bank (exposure Rs 360 crore); ICICI Prudential Asset Management Company (Rs 347.2 crore); Aditya Birla Finance Limited (Rs 277.9 crore);Tata Capital Financial Services (exposure Rs 163 crore) and DEG (Rs 141.6 crore)

Coffee Day Enterprises stock has fallen 70 pc from the peak of Rs 374.60 to Rs 110.95 on August 1, 2019 - an erosion of Rs 5,265 crore in market cap

After VG Siddhartha's dead body was found, the board of Coffee Day Enterprises met on Wednesday, where the decision to deleverage Coffee Day Group was taken

Congress says \"harassment by the I-T officials\" has resulted in a decline in the country's entrepreneurial position, the BJP asks it to \"display some humanity\"

VG Siddhartha was born to a family of coffee planters in Karnataka's Chikmagalur; he set up India's first coffee chain Cafe Coffee Day (CCD) in Bengaluru in 1996

The Coffee Day Enterprises board is evaluating and assessing appropriate steps to ensure that business operations are not affected

Apart from Siddhartha, the non-executive directors who did not draw their salaries include his wife Malavika Hegde, and the Chief Executive Officer of KKR India Sanjay Omprakash Nayar

In an alleged letter by Siddhartha - addressed to the board members of CDEL and 'coffee day family' - he blamed himself for having failed to create a profitable business model in spite of his best efforts

Four overseas corporate bodies hold substantial stake in VG Siddhartha's Coffee Day Enterprises with or 22.35 per cent shares between them. Out of them, NLS Mauritius LLC holds the maximum 10.61 per cent shares of the company