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.