In a separate regulatory filing after market hours on Tuesday, Coffee Day Enterprises said that its board will meet on Friday, March 22, 2019, to consider the issuance of unlisted, unrated, secured, redeemable, non-convertible debentures (NCDs) for an amount not exceeding Rs 200 crore in one or more tranches. The issue of NCDs is for the purpose of re-financing the existing debt.
The stock of Coffee Day Enterprises had rallied 24 per cent from its recent low of Rs 251 on February 12, as compared to 5 per cent gain in the S&P BSE Sensex till Monday.
At 10:53 am, Coffee Day Enterprises was trading 1 per cent lower at Rs 295, against 0.18 per cent gain in the benchmark index. A combined 197,635 equity shares changed hands on the counter on the BSE and NSE so far.