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Coffee Day’s tech park to be acquired by Blackstone for Rs 3,000 crore | News - Times of India Videos

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Coffee Day’s tech park to be acquired by Blackstone for Rs 3,000 crore | News - Times of India Videos
Coffee Day’s tech park to be acquired by Blackstone for Rs 3,000 crore. A new venture in the biz world. Blackstone, along with southern developer Salarpuria Sattva, has closed the deal to acquire Coffee Day Enterprises’ real estate venture Tanglin Developments, which owns a technology park in Bengaluru, for Rs 3,000 crore, said one source briefed on the development. The deal is the first major divestiture to help reduce the Rs 6,547 crore debt of the company after the suicide of founder VG Siddhartha last month.
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