Coffee Day IPO selling turnround story

The domestic Indian IPO is part of Coffee Day Enterprises’s business plans to shrug off deepening losses and restore profitability.

Coffee Day IPO selling turnround story

Senior management at Coffee Day Enterprises are hoping to convince investors they are capable of driving the coffee chain back into the black as they ready their domestic initial public offering later this month.

India’s biggest coffee chain is looking to raise Rs11.5 billion $175 million from the sale of about 35 million to 36.4 million new shares, according to a term sheet seen by FinanceAsia, which would make it the country's biggest...

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