Monday 12 October 2015

Coffee Day Public Issue to raise Rs.1150 cr. funds !

Bengaluru: Coffee Day Enterprises Limited is proposing to open on October 14, a public issue of Equity Shares of Face Value of Rs. 10 each for cash including a share premium aggregating up to Rs. 11,500 million. The Issue comprises a net Issue to the Public and a reservation of Equity Shares aggregating up to Rs. 150 million for subscription by eligible employees of the company.
        The Price Band has been fixed from Rs. 316 to Rs. 328 per Equity Share. The minimum Bid lot is 45 Equity Shares and in multiples of 45 Equity Shares therein. The Equity Shares offered through the Issue are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited. 
      Coffee Day Enterprises Ltd. is the parent company of the Coffee Day Group, which currently operates in businesses such as coffee, development and management of IT-ITES technology parks, providing integrated logistics solutions, financial services, hospitality and investing in technology companies. 
      The Company opened its first Café Coffee Day outlet in Bengaluru in 1996 and has established the largest footprint of café outlets in India with a network of 1,538 café outlets spread across 219 cities,.In terms of the number of chained café outlets, it had a market share of approximately 46% in India.
      The Company’s wholly-owned subsidiary, Tanglin Development Limited, is engaged in the development and management of technology parks and related infrastructure, offering bespoke infrastructure facilities for IT-ITES enterprises..The Company’s subsidiary, Sical Logistics Limited, in which CDEL holds a 52.83% equity holding, is one of the leading integrated logistics solution providers in India. 
       The Company’s subsidiary, Way2Wealth Securities Private Limited , in which CDEL holds a 85.53% equity holding, is a retail focused investment advisory company which provides wealth management, broking, portfolio management and investment advisory services. The Company owns and operates three luxury boutique resorts under the brand The Serai. Its resorts are located in the State of Karnataka at Chikkmagaluru, Bandipur and Kabini. In addition, it also holds a minority interest in and manages a luxury resort located in Andaman and Nicobar Islands. 
       The Company also has investments in certain IT-ITES and other technology companies such as Mindtree in which it owns a 16.75% equity holding and in which the Promoter, V.G. Siddhartha, additionally owns 3.01%. Other investee companies include Ittiam, Magnasoft and Global Edge.      

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