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Funding and debt▲ Bullish for Coffee Day Enterprises
Coffee Day Enterprises settles ₹25 crore Kemfin loan through one-time payment
The brief
- The company cleared a ₹25 crore loan with Kemfin Services
- The loan carried 15% annual interest and a 24% penal rate for delays
- Loan repayment reduces debt overhang for Coffee Day Enterprises shareholders