Infosys co-founder Nandan Nilekani has almost doubled his stake in Bengaluru-based Coffee Day Enterprises, betting on India's largest retail coffee brand that looks at increased local consumption to drive future growth. Nilekani, had jointly invested Rs 100 crore with stock investor Rakesh Jhunjunwala in pre-IPO funding in March 2015.
In the quarter ended December, Nilekani had increased his stake to 2.57 per cent from 1.4 per cent in the Bengaluru-based Coffee Day, taking his investment value in the company to Rs 104 crore. Interestingly, Coffee Day chairman V G Siddhartha was ...
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