Cafe Coffee Day to deleverage assets to pare debt
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
- Jul 31, 2019,
- Updated Jul 31, 2019 4:52 PM IST
The Coffee Day Enterprises (CDEL) board has said that it will sell the assets of Coffee Day Group to pare its debt. Founded by VG Siddhartha, CDEL is the parent company of Coffee Day Group which operates the Cafe Coffee Day chain of coffee houses.
The development comes in the wake of Siddhartha's untimely demise, whose body was found at the bank of Netravati river near Hoige Bazaar in Mangalore on Wednesday morning. The CDEL board met later on Wednesday, where it announced that an executive committee will explore the opportunities to deleverage Coffee Day Group.
VG Siddhartha Death: CCD owner's cremation to take place at father's Belur estate
The Coffee Day Enterprises (CDEL) board has said that it will sell the assets of Coffee Day Group to pare its debt. Founded by VG Siddhartha, CDEL is the parent company of Coffee Day Group which operates the Cafe Coffee Day chain of coffee houses.
The development comes in the wake of Siddhartha's untimely demise, whose body was found at the bank of Netravati river near Hoige Bazaar in Mangalore on Wednesday morning. The CDEL board met later on Wednesday, where it announced that an executive committee will explore the opportunities to deleverage Coffee Day Group.
VG Siddhartha Death: CCD owner's cremation to take place at father's Belur estate