Lenders, Bond Investors Stare At Haircut As CCD Stock Tumbles 57% - Dollar Advisory Services : Best Research Advisory Firm

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Wednesday, July 31, 2019

Lenders, Bond Investors Stare At Haircut As CCD Stock Tumbles 57%

ccd, cafe coffee day,
Lenders and bond investors at Coffee Day Enterprises, the holding company of Cafe Coffee Day, are staring at haircuts after steep erosion in the coffee retailer’s market capitalisation. Total debt of the company, at the end of March, stood at Rs 6,547 crore. This included loans from banks and securities sold to mutual funds. Lenders to the company include RBL Bank, Axis Bank and Yes Bank. Mutual funds such as DSP, Indiabulls and Bank of India-AXA also hold securities of the company and face dismal recovery prospects.

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