Coffee Day selling Tech Park to Blackstone for Rs 3,000 crore
Coffee Day Enterprises Ltd on Wednesday approved selling Global Village Tech Park of its subsidiary Tanglin Developments Ltd in Bengaluru to the US-based private equity firm Blackstone for Rs 2,600-3,000 crore over the next 30-45 days.
The decision comes a fortnight after the company`s founder-chairman V.S. Siddhartha was found dead on July 31 in a river near Mangaluru on the state`s west coast. Reuters