Coffee Day Enterprises, which runs Cafe Coffee Day, today 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 a 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 the BSE.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.