Nandan Nilekani, Rakesh Jhunhunwala jointly invest Rs 100 crore in entity that owns Café Coffee Day

Infosys cofounder Nandan Nilekani and billionaire investor Rakesh Jhunjhunwala have bought stakes in the entity that owns the Cafe Coffee Day chain ahead of an initial share sale in the coming weeks. Radhakishan Damani, founder of retail chain D-Mart and a man reputed to be one of India’s shrewdest investors, is also on the verge of sealing a deal to buy an undisclosed stake in Coffee Day Enterprises, giving the Bengaluru-based holding company a burst of star power before its listing. The share sale by Coffee Day will be the first major IPO of 2015 as the coffee chain looks to cash in on a buoyant stock market to fund its growth and arm itself with cash to take on competition from international brands such as Starbucks and Dunkin’ Donuts.

Source: http://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/nandan-nilekani-rakesh-jhunhunwala-jointly-invest-rs-100-crore-in-entity-that-owns-caf-coffee-day/46307674

Comments are closed.