Coffee Day says exploring opportunities, but no talks with Tata group yet

Debt-ridden Coffee Day Enterprises Ltd on Thursday said it continues to explore and evaluate various opportunities amid reports that it is in talks with Tata group firm TCPL to sell its vending machine business.

Coffee Day Enterprises Ltd (CDEL), however, in a regulatory filing said that there is no such negotiation or events taken place with Tata Consumer Products Ltd (TCPL) in this regard.

Meanwhile, TCPL said it evaluates various opportunities on an ongoing basis without confirming or denying talks with CDEL.

TCPL's reply came over reports that it is in talks with CDEL to acquire the latter's vending machine