Coffee Day Enterprises on Thursday said it has defaulted on payment of loans taken from banks and others.
In a notice to stock exchanges, the coffee chain said it had defaulted on loans worth ₹280 crore taken from banks and financial institutions.
The default on interest payment on these loans was ₹1.8 crore.
The total default on interest payment on loans worth ₹200 crore raised from instruments such as NCDs and NCRPs was ₹8 crore.