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Tuesday 17 September 2019

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / Coffee Day Enterprises sells Bengaluru IT park to Blackstone for Rs 2,700 crore

Coffee Day Enterprises sells Bengaluru IT park to Blackstone for Rs 2,700 crore

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Cafe Coffee Day (CCD) parent Coffee Day Enterprises has agreed to sell its Global Village Technology Park, Bengaluru, to Blackstone and southern developer Salarpuria Sattva in a deal which gives the asset an enterprise value of Rs 2,700 crore. The deal will bring down the debt which was Rs 4,970 crore. The deal is Coffee Day Enterprises' first major divestiture.

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