Coffee Day Enterprises' total default rises to Rs 434 crore in December quarter
For unlisted debt securities such as Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preference Shares (NCRPS), the default amount was Rs 200 crore as on December 31, along with a default in payment of interest of Rs 44.77 crore.
The company is also pursuing a legal course to recover over Rs 3,535 crore allegedly siphoned off the company into Mysore Amalgamated Coffee Estates Ltd. Image Courtesy: Reuters.