CCD sells B’luru IT park to Black­stone for 2,700cr

The Times of India (New Delhi edition) - - Times Global - TIMES NEWS NET­WORK

Bengaluru: Cafe Coffee Day (CCD) par­ent Coffee Day En­ter­prises has reached a de­fin­i­tive agree­ment to sell its Global Vil­lage Tech­nol­ogy Park in the city to Black­stone and south­ern de­vel­oper Salarpuria Sattva in a deal which gives the as­set an en­ter­prise value of Rs 2,700 crore. The com­pany, whose founder V G Sid­dhartha com­mit­ted sui­cide in July fol­low­ing fi­nan­cial trou­bles, said the deal will “sub­stan­tially bring down the debt level”, which was Rs 4,970 crore.

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