Tag: Coffee Day Enterprises

MUMBAI: Coffee Day Enterprises is likely to initiate a settlement with IDBI Trusteeship, which has initiated bankruptcy proceedings against the beleaguered beverage chain to recover dues on behalf of bondholders.Coffee Day, in a regulatory filing to the stock exchange on September 8, said that IDBI Trusteeship had filed a case against the company for recovery of Rs 228 crore. On Monday, shares of the company fell 14.6% to Rs 45 apiece following the news of the bankruptcy proceedings.Lenders expect that the company would come forward for a settlement...