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VG Siddhartha Eyes Rs 10,000 Crore Valuation For CCD In Stake Sale To Coca-Cola

From: businesstoday.in

VG Siddhartha, the founder of Cafe Coffee Day (CCD) is seeking a valuation of Rs 8,000 to Rs 10,000 crore from soft drinks maker Coca-Cola for the stake sale in his coffee chain. However, he wants to retain his controlling stake in the business he had set up two decades ago.

“The promoters are asking for a valuation of between four to five times of sales (in the coffee business) on the back of some valuation trends in the industry both companies are privy to,” a source told the Economic Times.

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