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.