India’s Café Coffee Day signs debt settlement agreement

Café Coffee Day has struggled with debts and store closures in recent years | Photo credit: via Shutterstock

The Bengaluru-based coffee chain is seeking to rebound from years of outlet closures and losses after agreeing to clear its substantial debts 

Coffee Day Enterprises Ltd (CDEL) has reached a settlement agreement to clear Rs 205 Cr ($23.9m) of outstanding debt from its Café Coffee Day (CCD) coffee chain.  

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