Coffee Day likely to deliver cuppa jo for KKR
Following earlier reports of potential investment by Kohlberg Kravis Roberts & Co. in Indian company Coffee Day Resorts, which owns the popular coffee chain Café Coffee Day, a consortium led by New York-based now looks likely to invest up to INR10 billion ($220 million) in the business.
A source revealed that investors could end up with a 20% stake in the 14 year-old, Bangalore-based group. New Silk Route Partners and Standard Chartered Private Equity are understood to be part of the...
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