Friday, January 10, 2020, 9:51 AM
Coffee Day Enterprises (CDEL) has defaulted on payments of interest on loans from banks, financial institutions and unlisted debt securities in the December quarter, signalling a continuing liquidity squeeze. The company had a loan outstanding of Rs 489 crore in the quarter and it defaulted on interest payment of Rs 9.4 crore. It is expected to get some respite after its lenders give the nod for the deal with Blackstone and developer Salarpuria Sattva for CDEL's technology park, Global Village, in Bengaluru for Rs 2,700 crore.
Friday, August 9, 2019, 3:58 AM
Coffee Day Enterprises on Thursday said it has appointed global accounting firm EY to scrutinize the books of accounts of the company and its subsidiaries. Besides, EY will also investigate into the circumstance under which Coffee Day Enterprises late founder V G Siddhartha had written the purported letter dated July 27, 2019, alleging harassment by the Income Tax department. The board of the company, in its meeting held on Thursday, also decided to appoint a person of eminence or a reputed firm as strategic corporate advisor.