India: Coffee Day fetches $240m from Blackstone for IT park, uses it to repay debt

India: Coffee Day fetches $240m from Blackstone for IT park, uses it to repay debt

Photo: Bloomberg

Amid a nationwide lockdown in the wake of Covid-19 breakout, American private equity giant Blackstone Group Ltd, on Friday, went ahead to pay Coffee Day Group Rs.1,800 crore — the first tranche of the Rs. 2,700 crore deal to acquire Coffee Day Group’s Global Village Technology Park.