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CCD Averts Insolvency with Ares SSG Cap Deal
March 19, 2025
|Mint Hyderabad
The final tranche of debt settlement hinges on ebitda, stock performance
Coffee Day Enterprises Ltd has negotiated a ₹205-crore settlement with Ares SSG Capital Management to be paid over three years, after the National Company Law Appellate Tribunal (NCLAT) set aside bankruptcy proceedings against the operator of coffee chain Cafe Coffee Day on 27 February.
A part of this settlement hinges on the CDEL achieving some parameters linked to higher earnings before interest, taxes, depreciation and amortization (Ebitda) over the next three years, two people familiar with the development said.
هذه القصة من طبعة March 19, 2025 من Mint Hyderabad.
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