Coffee Day Group has divested its stake in Global Village Undertaking to Blackstone and Salarpuria Sattva. Coffee Day has received Rs 2,000 crore from Blackstone as part of the deal..This is the first tranche of the transaction, out of which Rs 1,650 crore has been used to repay banks and other financial institutions. The remaining Rs 700 crore would be given to the company by the end of the year..Tatva Legal acted for Coffee Day Group and the team was led by Partner Dilip NK along with Partners Raghu Nandana, Ankush and Rashmi Talukdar, Senior Associate Amrutha and Associates Kritika and Siddaraju..Cyril Amarchand Mangaldas advised Blackstone and the team was led by Partner Reeba Chacko along with Partners Kota Chandan, Mridul Kumbalath and Lakshmi Prakash.Simpson Thacher & Bartlett LLP acted as international counsel for Blackstone..Coffee Day has paid the entire principal and interest due to all the lenders despite economic activity and credit markets grinding to halt following the novel coronavirus crisis.
Coffee Day Group has divested its stake in Global Village Undertaking to Blackstone and Salarpuria Sattva. Coffee Day has received Rs 2,000 crore from Blackstone as part of the deal..This is the first tranche of the transaction, out of which Rs 1,650 crore has been used to repay banks and other financial institutions. The remaining Rs 700 crore would be given to the company by the end of the year..Tatva Legal acted for Coffee Day Group and the team was led by Partner Dilip NK along with Partners Raghu Nandana, Ankush and Rashmi Talukdar, Senior Associate Amrutha and Associates Kritika and Siddaraju..Cyril Amarchand Mangaldas advised Blackstone and the team was led by Partner Reeba Chacko along with Partners Kota Chandan, Mridul Kumbalath and Lakshmi Prakash.Simpson Thacher & Bartlett LLP acted as international counsel for Blackstone..Coffee Day has paid the entire principal and interest due to all the lenders despite economic activity and credit markets grinding to halt following the novel coronavirus crisis.