India: Lenders Yes Bank, Rabobank stall sale of CCD unit to Tata

India: Lenders Yes Bank, Rabobank stall sale of CCD unit to Tata

Photo: Beenu Arora/Mint

The Tata group’s offer to buy the Coffee Day Group’s beverage vending machine business has hit a hurdle with two lenders to the struggling coffee chain blocking the deal until their dues are cleared, two people with direct knowledge of the matter said.