Espresso Day to clear ₹205 cr. debt in three tranches

Espresso Day Enterprises, a agency promoted by the late V.G. Siddartha, that owns espresso retail chain Cafe Espresso Day, stated it has agreed to settle the excellent debt of two debenture holders for an quantity of ₹ 205 crore, payable in three tranches.

The corporate, as per a inventory market submitting made on Monday, has negotiated and agreed to settle the excellent debt of the 2 debenture holders for an quantity of ₹205 crore payable in three tranches which incorporates the quantity realised on sale of 12.41% of the pledged and invoked shares of Espresso Day International Restricted, a subsidiary of Espresso Day Enterprises, by the lender to a 3rd occasion for ₹55 crore. “This settlement ensures the debt discount dedication of the Firm and its subsidiaries within the curiosity of all stakeholders. The corporate stays dedicated to fulfilling its obligations and guaranteeing long-term worth creation for stakeholders,” it stated. The draft settlement settlement was accepted by the Audit Committee and the Members of the Board of their assembly held on March 17, 2025, the submitting stated.