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Coffee Day Enterprises Bengaluru IT Park Sold For Rs 2,700 Crore To Blackstone


Coffee Day Enterprises has come to a final agreement with Blackstone and Salarpuria Sattva developer on the sale of their Global Village Technology Park in Bengaluru, at a valuation of Rs 2,700 crore. The parent company to the Cafe Coffee Day brand had earlier said that the deal would close between the range of Rs 2,600 to Rs 3,000 crore. Company founder V G Siddhartha, who committed suicide in July following financial troubles, had said that the deal would substantially bring down their debt level, which was at Rs 4,970 crore.

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