Coffee Day Enterprises' board approves raising Rs 150 crore via Non-Convertable Debt issuance

30 March 2017, 01:15 PM

Coffee Day Enterprises, which runs Cafe Coffee Day, on Thursday said its board has approved raising Rs 150 crore through issuance of NCDs.

"The company at its board meeting held today...has inter-alia approved draft disclosure documents for issue of rated, unlisted, secured, redeemable, non-convertible debentures (NCDs) of Rs 150 crore on private placement basis," Coffee Day Enterprises said in a BSE filing.

The company said the amount raised will be used for replacing debt. The company's stock was trading 1.23 per cent higher at Rs 233.90 on BSE. 

First Published: Thursday, March 30, 2017 01:11 PM

Related Tags:

For all the latest Business News Download the News Nation App available on Android and iOS.