Coffee Day to clear ₹205 cr. debt in three tranches

Coffee Day Enterprises, a firm promoted by the late V.G. Siddartha, that owns coffee retail chain Cafe Coffee Day, said it has agreed to settle the outstanding debt of two debenture holders for an amount of ₹ 205 crore, payable in three tranches.

The company, as per a stock market filing made on Monday, has negotiated and agreed to settle the outstanding debt of the two debenture holders for an amount of ₹205 crore payable in three tranches which includes the amount realised on sale of 12.41% of the pledged and invoked shares of Coffee Day Global Limited, a subsidiary of Coffee Day Enterprises, by the lender to a third party for ₹55 crore. “This settlement ensures the debt reduction commitment of the Company and its subsidiaries in the interest of all stakeholders. The company remains committed to fulfilling its obligations and ensuring long-term value creation for stakeholders,” it said. The draft settlement agreement was approved by the Audit Committee and the Members of the Board in their meeting held on March 17, 2025, the filing said.