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Total 29 results found. Search for [ vg siddhartha total debt ]

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BusinessToday.In
New Delhi, March 17, 2020
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 


BusinessToday.In
October 15, 2019
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


Rukmini Rao
New Delhi, September 17, 2019
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)


BusinessToday.In
September 17, 2019
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.


BusinessToday.In
September 9, 2019
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.


Chitranjan Kumar
New Delhi, September 4, 2019
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


BusinessToday.In
New Delhi, August 19, 2019
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


Rukmini Rao
New Delhi, August 17, 2019
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


Rukmini Rao
August 14, 2019
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


Rukmini Rao
New Delhi, August 5, 2019
Unravelling the mystery behind the death of India's coffee magnate


Manu Kaushik
August 1, 2019
In February, the government awarded six airports - Ahmedabad, Lucknow, Jaipur, Guwahati, Trivandrum and Mangalore - to the Adani Group on a 50-year lease


Mudit Kapoor and Manoj Sharma
August 1, 2019
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)


Rajeev Dubey | Manoj Sharma | Mudit Kapoor
New Delhi, August 1, 2019
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


BusinessToday.In
July 31, 2019
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


BusinessToday.In
New Delhi, July 31, 2019
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\"


BusinessToday.In
New Delhi, July 31, 2019
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


Rukmini Rao
July 30, 2019
The Coffee Day Enterprises board is evaluating and assessing appropriate steps to ensure that business operations are not affected


BusinessToday.In
July 30, 2019
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


Rukmini Rao
July 30, 2019
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


BusinessToday.In
New Delhi, July 30, 2019
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


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