The Coffee Day Enterprises (CDEL) will hold its board meeting in Bengaluru on Thursday where it is expected to discuss the two immediate options: whether to rope in strategic investors with managerial expertise to run...
Coffee Day appoints interim chairman, plans to sell assets to reduce debt
The board of Coffee Day Enterprises Ltd (CDEL) is planning to selectively sell assets of the V.G. Siddhartha-founded company to pare debt incurred by the group’s 52 units, said two people, including a director at the...
KKR still owns over 6% in CCD; HDFC says had no exposure since January
Global buyout major KKR has said it is “deeply saddened” by the disappearance of VG Siddhartha, the promoter of its investee company the coffee chain Cafe Coffee Day since Monday evening. In a purported...
NCLT gives Hotel Leelaventure two months to comply with new Sebi directives
Hotel Leelaventure Thursday got two months time from NCLT to comply with the latest Sebi directives asking the hospitality company to make additional disclosures to shareholders to proceed with its proposed sale to...
Sebi order clears way for proposed Brookfield Deal: Leela promoters
Promoters of Hotel Leelaventure said a Sebi order has held that its proposed transaction with Brookfield was not a ‘related party transaction’ as the latter is simultaneously entering into a separate contract with the...
Sebi directs Hotel Leela to share details of asset sale deal
Securities market regulator Sebi on Tuesday directed Hotel Leela Venture (HLVL) to provide information via “additional disclosures in the postal ballot notice” of the asset sale transaction with Brookfield...
GIC begins talks with GVK Power to buy its stake in Indian Hotels joint venture
Government of Singapore Investment Corp (GIC) is in preliminary talks with GVK Power and Infrastructure to acquire its stake in Taj-GVK Hotels and Resorts as the sovereign investment vehicle of the South East Asian...
Oyo Hotels acquires Innov8, expands co-working space business
OYO Hotels and Homes, the world’s third-largest chain of hotels, homes, managed living and workspaces, on Tuesday confirmed its acquisition of Innov8, a co-working spaces provider, highlighting the company’s increasing...
InterGlobe in talks to buy Burger King’s India franchise
Rahul Bhatia-controlled InterGlobe group is in advanced discussions to acquire the Burger King India franchise from private equity firm Everstone Capital for about Rs 1,400 crore, according to two people directly aware...
NCLT hearing on Leela-Brookfield deal: Need another 3 months to finish the probe, says Sebi
Capital market regulator, Securities & Exchange Board of India (Sebi), has informed the dedicated bankruptcy court that it will take three more months to complete its probe into the deal between Canadian investor...
Lemon Tree Hotels will divest 49% stake in 2 years, says Patanjali Keswani
Lemon Tree Hotels, which has been in a capital deployment phase to expand operations and create assets, will start scouting for buyers to divest minority stake after fiscal 2021-22, Patanjali Keswani, chairman and...
KFC India to sell 61 more stores to Jaipuria-owned Devyani International
Yum! Brands’ KFC India is selling off 61 equity-owned restaurants to diversified group RJ Corp-promoted Devyani International (DIL) for an undisclosed amount, in line with its global strategy to exit capital-intensive...
