NEW DELHI: Coffee Day Enterprises Ltd has reported a total default of Rs 433.91 crore on payments of interest and repayment of principal amount on loans from banks, financial institutions, and unlisted debt securities for the December quarter.
Coffee Day Enterprises Ltd (CDEL), which is paring its debts through asset resolution, in a regulatory update said “the delay in debt servicing is due to liquidity crisis”.
CDEL reported a default of Rs 183.36 crore on the payment of the principal amount on loans or revolving facilities like cash credit from banks or financial institutions as on December 31, 2023.
Besides, it has also defaulted on the repayment of interest of Rs 5.78 crore on the above.
For unlisted debt securities such as Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preference Shares (NCRPS), the default amount was Rs 200 crore as on December 31, along with a default in payment of interest of Rs 44.77 crore.