Coffee Day Enterprises Limited (CDEL) shares jumped nearly 5 per cent in trading today following the company’s announcement of a debt settlement agreement with debenture holders. The stock was trading at ₹24.49, up ₹1.16 or 4.97 per cent, as of 1:00 PM today.
According to regulatory filings made yesterday, the company has negotiated a settlement of its outstanding debt for ₹205 crore, to be paid in three tranches. This includes ₹55 crore already realized from the sale of 12.41 per cent pledged shares of Coffee Day Global Limited to a third party.
The draft settlement agreement was approved by both the Audit Committee and Board of Directors at their meeting held on March 17, 2025.
In a separate filing, CDEL also announced the appointment of Mrs. Sowrabhi Ramadas as an Additional Director in the category of Non-Executive Director, effective immediately. Ramadas brings diverse experience from her career in marketing, education, and entrepreneurship.
The company stated that the debt settlement “ensures the debt reduction commitment of the Company and its subsidiaries in the interest of all stakeholders” and reaffirmed its commitment to “fulfilling its obligations and ensuring long-term value creation.”
