Coffee Day gets Rs 2,000 cr from Blackstone

Coffee Day (CDEL) has received Rs 2,000 crore from Blackstone as part of the deal to sell its IT park in the outskirts of Bengaluru. This is the first tranche of the transaction, out of which Rs 1,650 crore would be used to repay banks and other financial institutions. The remaining Rs 700 crore would be given to the company by the end of the year.

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