Coffee Day Enterprises (CDEL) is witnessing some improvement in its working capital flows in recent months, indicating early signs of better financial health in coming quarters, sources in the know said. However, despite its ongoing talks with the creditors, the Bengaluru-headquartered firm is yet to get any moratorium from creditors on its repayment obligations.
 
“Working capital condition has improved as the first tranche of proceeds from sale of Global Village Tech Park has come in," said a person privy to the functioning of the firm. "However, things have not materially changed. It will take time. They (company officials) are in talks for moratorium deals with creditors," the person added. A detailed mail sent to CDEL remained unanswered at the time of going to press.
 
In September, CDEL decided to sell the Global Village Tech Park to private equity major Blackstone and realty firm Salarpuria Sattva Group for