Cafe Coffee Day Plans to Restart Talks With Coca-Cola for Stake Sale to Reduce Debt, Days After CCD Founder VG Siddhartha's Death
In a bid to reduce debt, the promoters of Coffee Day Group plan to restart talks with Coca-Cola to sell a chunk of their stake. According to an ET Retail report, the late founder of the Group, VG Siddhartha, had been in talks with the beverage giant as of June last week. The negotiations had reportedly halted because Coca-Cola wanted a controlling stake.