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Coffee Day Enterprises, which runs Cafe Coffee Day, said its board will meet this week to consider raising up to Rs 305 crore through issuance of non-convertible debentures (NCDs), reported PTI. "...A meeting of Board of Directors of our company is scheduled to be held on Saturday, March 11th...To consider the issuance of rated, redeemable, secured, un-listed non-convertible debentures for an amount not exceeding Rs 305 crore," Coffee Day Enterprises said in a BSE filing. The company, however, did not elaborate on the end use of funds. The coffee chain's Rs 1,150-crore initial public offer (IPO) had hit the market in October 2015.
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