Stocks

Coffee Day Enterprises shares tumble on bank loan default

BL Internet Desk | Updated on January 10, 2020 Published on January 10, 2020

A Cafe Coffee Day coffee shop, operated by Coffee Day Enterprises Ltd. (File photo)   -  Bloomberg

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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 10, 2020
This article is closed for comments.
Please Email the Editor