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Coffee Day seeks to sell Sical Logistics to cut debt: Report
short by Dharna / on Monday, 9 September, 2019
Coffee Day Enterprises, founded by late VG Siddhartha, has reportedly put up its Bengaluru-based unit Sical Logistics for sale to raise around ₹1,000-1,500 crore for cutting debt. Coffee Day, which operates about 1,700 Café Coffee Day outlets across India, would sell entire promoter stake and assets of Sical, Livemint reported. Coffee Day reportedly has around ₹4,400 crore of consolidated debt.
read more at Livemint