Siddhartha’s background as an investment banker probably came in handy when he pitched in time and again, when Mindtree needed it.
Though the venture is profitable, the company’s net debt as on March 31, 2018 stood at Rs 3,000 crore.
Uber Eats is expected to help Cafe Coffee Day with data, analytics and insights to help identify food or cuisines that consumers crave the most.
The I-T department is conducting search at residence of VG Siddhartha, the company’s chairman and managing director.
Chai Point has entered the snacks segment with jaggery chana and is now competing with Cafe Coffee Day with its BoxC dispensers for coffee and tea inside corporate offices
"The company's subsidiary Sical Logistics Ltd.. have approved the proposal to initiate the process to acquire majority equity stake in a company in the express logistics business with an annual revenue of Rs 40 crore and to execute necessary agreements to proceed further in this regard," Coffee Day Enterprises said in a BSE filing.
"The company at its board meeting held today...has inter-alia approved draft disclosure documents for issue of rated, unlisted, secured, redeemable, non-convertible debentures (NCDs) of Rs 150 crore on private placement basis," Coffee Day Enterprises said in a BSE filing.
The company is likely to use the fresh fund for expanding its cafes in the country.
"...A meeting of Board of Directors of our company is scheduled to be held on Saturday, March 11th...to consider the issuance of rated, redeemable, secured, un-listed non-convertible debentures for an amount not exceeding Rs 305 crore," Coffee Day Enterprises said in a BSE filing.
The Bengaluru-based company, which aims to have five million merchants over next 18 months, has also crossed the 1,00,000-merchants mark on its platform.
"The company's subsidiary Sical Logistics at their Board meeting have approved the proposal to raise a fund of Rs 100 crore by way of issue of secured non convertible debentures on private placement basis," Coffee Day Enterprises said in a BSE filing.
Teams of Qarth and Ola money will join to further build cutting edge solutions to provide a seamless payment experience for users, Ola said in a statement.
Operating profit (earnings before interest, tax, depreciation and amortisation) shot up 63 percent year-on-year to Rs 121.95 crore and margin expanded by 530 basis points to 18.3 percent, boosted by lower raw material and logistics services cost.
The coffee chain also expects to post profit in the current fiscal on higher footfalls and increased consumption.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on â€“ Bajaj Auto, Sun Pharma, L&T, M&M, Indian Bank, Oriental Bank of Commerce, Cafe Coffee Day.
The company which operates popular brand Cafe Coffee Day had fixed the issue price at Rs 328 per share for investors. The IPO, which was opened for subscription during October 14-16, was subscribed 1.64 times at price band of Rs 316-328 a share.
Mobile wallet company Mobikwik plans to raise USD 50-100 million (about Rs 325-650 crore) in the next few months to fund its expansion across online and offline platforms.
MobiKwik has partnered merchants like Big Bazaar, WHSmith India, Cafe Coffee Day and Store King in the offline space.
Coffee Day Enterprises has already raised over Rs 334 crore from anchor investors.
The IPO from the operator of Cafe Coffee Day, India's biggest domestic coffee chain, would be the country‘s biggest listing since Bharti Infratel Ltd's USD 751 million IPO in December 2012.
The IPO of Coffee Day Enterprises received bids for 34,24,275 shares against the total issue size of 2,58,14,198 shares on offer, receiving 13 per cent subscription, data available with the NSE till 1700 hours showed.
Bankers say volatile global markets and a tepid performance at home are scaring off potential candidates. Worse, few obvious big names remain after a wave of listings in 2010, when Indian markets were riding high.
Coffee Day Enterprises Ltd, which competes with Starbucks Corp among others in India, is backed by private equity firm KKR & Co. It will launch its share sale to retail and institutional investors on Wednesday.
With big brands like Cafe Coffee Day and IndiGo lining up their public offers, the IPO market is set for a four-year record performance this year as close to Rs 6,600 crore has already been raised and plans are afoot for garnering another Rs 20,000 crore.