Coffee Day Enterprises defaults Rs 470.18 crore in Q1FY23
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Coffee Day Enterprises has defaulted Rs 470.18 crore on payments of interest and repayment of principal amount on loans from banks and financial institutions for the quarter ended June 30, 2022 (Q1FY23). The company, which is pairing its debts through asset resolution, has a total debt of Rs 495.18 crore, including short-term and long-term debt.
Coffee Day Enterprises is the parent company of the Coffee Day Group, which houses Cafe Coffee Day that pioneered the coffee culture in the chained cafe segment in India.
