AI assistant
Coffee Day Enterprises Limited M&A Activity 2020
61051_rns_2020-01-23_87472d73-03b0-4a46-9836-5f41e90b3075.pdf
M&A Activity
Open in viewerOpens in your device viewer
COFFEE DAY ENTERPRISES LIMITED
23rd January 2020
National Stock Exchange of India Limited Manager- Listing Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051 Tel. No. 022-2659 8237/38 Symbol: COFFEEDAY
BSE Limited General Manager- DSC Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001 Tel No. 022-2272 2039 Scrip Code: 539436
Dear Sir/Madam,
Re: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We wish to inform you that the Company entered into the Definitive Agreement to Sell Way2Wealth Securities Private Limited including its certain subsidiaries to Shriram Ownership Trust. Shriram Ownership Trust is the Promoter of Shriram Capital Limited which is the holding Company for their large NBFC and Insurance Businesses.
Further, the acquisition will be subject to the closing conditions and required statutory approvals.
The above-mentioned transaction shall help in further deleveraging the Coffee Day Group and ensure smooth operations while safeguarding the interests of all stakeholders, including investors, lenders, employees and customers.
Thank You,