The shares were sold on May 17, 2021, and, based on the weighted average price of the stock at Rs 30.14 apiece, sale of 4,865,067 equity shares of Coffee Day Enterprises is estimated at a sum of Rs 14.66 crore.
IDBI Trusteeship Services invokes pledged shares of Coffee Day Enterprises
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IDBI Trusteeship Services, on behalf of Marina Hari (IV) Pte Ltd and Standard Chartered Private Equity (Mauritius) II, has invoked 2.30 per cent equity shares pledged of debt-ridden Coffee Day Enterprises for an estimated sum of Rs 14.66 crore.
Marina Hari (IV) Pte Ltd and Standard Chartered Private Equity (Mauritius) II Limited are holders of optionally convertible debentures of principal amount Rs 300 crore, issued by Coffee Day Enterprises promoter group firm Devadarshini Info Technologies Pvt Ltd.
The shares were sold on May 17, 2021, and, based on the weighted average price of the stock at Rs 30.14 apiece, sale of 4,865,067 equity shares of Coffee Day Enterprises is estimated at a sum of Rs 14.66 crore.
Stocks to watch on May 20: JK Tyre, Biocon, Coffee Day, IOC, PSBs among others
Stocks to watch: JK Tyre, Biocon, Coffee Day, IOC, among others
RBI Governor Shaktikanta Das on Wednesday asked state-owned banks to quickly implement measures announced by the central bank recently in the right earnest , and to continue focussing on steps to enhance the resilience of their balance sheets. Das during a meeting with the MDs and CEOs of public sector banks (PSBs) acknowledged the important role being played by PSBs in extending various banking facilities. So, some level of impact of this meeting can be seen in banking sector.