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Tata Consumer Products Ltd, which owns the Tetley Tea and Tata Salt brands, has proposed to buy the coffee vending business from CGDL for at least Rs 1,000 crore.(REUTERS)

Tata’s plan to buy Coffee Day’s vending business hits hurdle

Hindustan Times, Mumbai | By Anirudh Laskar, Mumbai
UPDATED ON DEC 01, 2020 04:15 AM IST
The dues to be repaid by CDGL are worth around Rs 100 crore to YES Bank and Rs 200 crore to Rabobank, said this person. Karnataka Bank is the largest Indian lender to CDGL, with a loan of Rs 175 crore.
Coffee Day Enterprises has been trying to reduce debts since the death of its promoter V G Siddhartha in July, 2019.(Mint file)
Coffee Day Enterprises has been trying to reduce debts since the death of its promoter V G Siddhartha in July, 2019.(Mint file)

Coffee Day Enterprises seeks lender approval to sell Global Village Tech Park

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 12, 2019 02:54 PM IST
In September 2019, Coffee Day Enterprises had announced the deal as a part of its move to reduce debts nearing Rs 5,000 crore.
A luscious cup of coffee besides being an amazing beverage serves many purposes.(Unsplash)
A luscious cup of coffee besides being an amazing beverage serves many purposes.(Unsplash)

International Coffee Day: Four weird varieties of coffee we bet you didn’t know existed

Hindustan Times, Delhi | By Neharika Prakash
UPDATED ON OCT 01, 2019 11:34 AM IST
The best thing about the brewed drink is that there is no specific way of preparing it. It can be hot or cold, viscous or sloppy, bitter or sweet, it can be however you want it to be.
Coffee Day is under pressure to pare borrowings after its founder V.G. Siddhartha took his own life as debt strains began to emerge in his companies.(HT photo)
Coffee Day is under pressure to pare borrowings after its founder V.G. Siddhartha took his own life as debt strains began to emerge in his companies.(HT photo)

ITC, Asia’s largest cigarette maker, considers stake in Coffee Day: Report

Bloomberg | By Baiju Kalesh , Anto Antony , and P R Sanjai
UPDATED ON AUG 21, 2019 03:57 PM IST
ITC could be vying with Coca-Cola Co., which has evaluated India’s biggest cafe chain but hasn’t made a formal offer, said one of the people.
People carry the body of coffee baron V.G. Siddhartha to an ambulance in Mangalore, India, July 31, 2019.(REUTERS)
People carry the body of coffee baron V.G. Siddhartha to an ambulance in Mangalore, India, July 31, 2019.(REUTERS)

CCD founder Siddhartha cremated at his coffee estate in Karnataka

Bengaluru | By HT Correspondent
UPDATED ON JUL 31, 2019 07:19 PM IST
Cafe Coffee Day owner V Siddhartha’s last rites was held at one of his coffee estates in Karnataka’s Chikkamagaluru district on Wednesday evening, reported a news agency.
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