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.
Debt facility backed by guarantees from Michael & Susan Dell Foundation and Rockefeller Foundation
Under-banked households and micro-entrepreneurs across the country with a monthly household income of less than INR 25,000, will be the key beneficiaries of the funding
Chennai, April 19, 2021: Northern Arc, one of India’s leading digital debt platforms, today announced that it has received INR 40 crore of debt financing from Kotak Mahindra Bank, one of the country’s largest private banks. The facility is backed by partial guarantees from The Michael & Susan Dell Foundation (MSDF) and The Rockefeller Foundation. The transaction is part of the covid-response package of both these impact institutions, that aims to alleviate the economic and social impact of the pandemic.
[Funding alert] Northern Arc raises Rs 40 Cr debt from Kotak Mahindra Bank to help small businesses yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.