Coffee Day to sell 120-acre Bengaluru IT park for up to ₹3,000 cr

Coffee Day Enterprises on Wednesday said it planned to sell its 120-acre Global Village tech park in Bengaluru to Blackstone for up to ₹3,000 crore in order to reduce debt. The announcement comes weeks after founder VG Siddhartha was found dead in a river. Coffee Day also approved sale of AlphaGrep Securities, a trading firm it owns for ₹28 crore.