 "Coffee Day Enterprises")
Coffee Day Enterprises (CDEL) is learnt to have received the first tranche of payment from private equity major Blackstone and realty firm Salarpuria Sattva Group as part of its agreement to sell Global Village Tech Park, sources in the know said.
Proceeds of around Rs 150 crore were received by the Bengaluru-based coffee chain, they added. The deal has valued the tech park at Rs 2,700 crore. Despite announcing its decision to divest stake in the Global Village Tech Park in August last year, the deal was stuck due to lack of creditors' consent. Especially, a no-objection certificate from YES Bank
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