Coffee Service

Coffee Day Enterprises seeks new buyer for vending business

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February 18, 2021

Tata Consumer Products' previously reported bid for Coffee Day Enterprises vending business has apparently fallen through, as Coffee Day's lenders are negotiating with several private equity funds to find a buyer for its vending business, according to a VCCircle report, citing an earlier report in The Economic Times.

Led by Yes Bank, lenders are expecting a valuation of Rs 2,000 crore (about $274 million).

Tata Consumer Products, which owns the Tata Tea, Eight O'Clock Coffee, Tata Coffee Grand and Himalayan Natural Mineral Water brands, could re-enter the bidding, and Hindustan Unilever is also believed to be interested in the Coffee Day Enterprises vending business, according to sources.