Coffee Day appoints interim chairman, looks to sell assets to pare debt

Coffee Day appoints interim chairman, looks to sell assets to pare debt

Photo: Cafe Coffee Day

The board of Coffee Day Enterprises Ltd (CDEL) is planning to selectively sell assets of the V.G. Siddhartha-founded company to pare debt incurred by the group’s 52 units, said two people, including a director at the company, with direct knowledge of the plans.