Coffee Day Consultancy Services Private Limited announced that it expects to receive INR 1.043624985 billion in funding from Impact HD Inc.
Coffee Day Consultancy Services Private Limited announced that it has signed a share subscription and shareholders agreement with new investor Impact HD Inc. (TSE:6067) for 25,147,590 common shares at a price of INR 41.50 per share for the gross proceeds of INR 1,043,624,985 in equity funding on April 8, 2019. The investor will acquire 49% stake in the transaction. As a part of transaction investor will have right to nominate two directors in the company. The shares will be issued at a premium of INR 31.50 per share to par value of INR 10 per share.