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Jul, 04 2014

Coffee Day Resorts may launch IPO

Plans to raise up to Rs 1,500 crore.

Coffee Day Resorts which is the holding company of Cafe Coffee Day is planning to launch IPO in a year time to raise Rs 1,200-1,500 crore.

The domestic listing will see the holding company, Coffee Day Resorts, sell 10-15 percent for USD 150 million (Rs 900 crore), valuing the group backed by KKR & Co at about USD 1 billion.

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