Coffee Day Enterprises Settles Rs 70 Crore Loan with Axis Bank
2 hours agoBusiness
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1 SourcesNew Delhi, India
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Coffee Day Enterprises Settles Rs 70 Crore Loan with Axis Bank

Coffee Day Enterprises (CDEL) has reached a one-time settlement with Axis Bank to repay a Rs 70 crore loan by September 2026. This move is part of CDEL's ongoing efforts to resolve its debts through asset sales and other means. The company faced financial difficulties following the death of its founder in 2019, including allegations of fund siphoning. CDEL's total financial indebtedness was Rs 372.52 crore as of June 2025.

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