Coffee Service

Coffee Day Enterprises faces $4.95B debt

Logo provided.

July 5, 2022

Coffee Day Enterprises Ltd., which operates a café chain as well as a coffee vending business in India, has reported a total default of Rs 470.18 crore ($4.7 billion) on repayment of principal and interest on financial institution loans for the quarter ended June 30, 2022, according to a report in The Economic Times.

The company has a total debt of Rs 495.18 crore ($4.952 billion), including short-term and long-term debt, and is pairing its debts through asset resolution.