Comments
Shares of Coffee Day Enterprises tumbled 5% today on the bourses after it 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 stock was down 5% to Rs 41.20 on the BSE today.
The total default on interest payment on loans worth ₹200 crore raised from instruments such as NCDs and NCRPs was ₹8 crore.
Comments
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.