India’s Coffee Day to sell IT park in Bengaluru to pare debt

Photo: Cafe Coffee Day

A little over a week after the death of Café Coffee Day founder V.G. Siddhartha, the board of Coffee Day Enterprises Ltd (CDEL), the holding company of Coffee Day group firms, decided on Thursday to sell the group’s 90-acre technology park in Bengaluru to reduce CDEL’s debt burden.

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