Monday, November 18, 2019

Posted at: Sep 18, 2019, 7:26 AM; last updated: Sep 18, 2019, 7:26 AM (IST)

Coffee Day to sell Global Village

Coffee Day to sell Global Village
File photo

New Delhi: Coffee Day Enterprises on Tuesday said it has signed definitive agreements with private equity major Blackstone and Salarpuria Sattva Group for sale of Global Village Tech Park at an enterprising value of Rs 2,700 crore. The company Board had recently approved the sale of prime real estate property GV Tech Park as part of efforts to raise funds for paring the debt. “The transaction is at an enterprise value of Rs 2,700 crore subject to certain closing adjustments,” the company said. PTI


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