Coffee Day Enterprises Limited (CDEL) has received approval from Axis Bank for a one-time settlement (OTS) of its outstanding loan worth 700 million rupees. The move is part of the company’s ongoing debt resolution efforts, aimed at strengthening financial stability and ensuring long-term sustainability of operations.
Coffee Day Enterprises Limited, the parent company of Café Coffee Day, has taken another step toward resolving its debt burden. Axis Bank has approved a one-time settlement (OTS) for the company’s outstanding loan of 700 million rupees. This development comes as part of CDEL’s broader strategy to restructure liabilities and stabilize its financial position following years of debt challenges.
Key highlights from the announcement include
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Axis Bank approved a one-time settlement of 700 million rupees with Coffee Day Enterprises.
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The settlement is expected to ease the company’s debt burden and improve liquidity.
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CDEL has been actively working on debt resolution with multiple lenders since 2019.
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The OTS approval reflects lenders’ confidence in the company’s repayment and restructuring plan.
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The move is aligned with CDEL’s efforts to streamline operations and focus on core business growth.
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Industry analysts view the settlement as a positive step toward restoring investor confidence.
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The company continues to explore strategic measures to strengthen its financial health and operational efficiency.
The approval of this settlement marks a significant milestone in Coffee Day Enterprises’ debt resolution journey. By reducing liabilities and improving liquidity, the company aims to rebuild stability and focus on its core café business, ensuring sustainable growth in the competitive retail sector.
Sources: Economic Times, Business Standard, Moneycontrol