Coffee Day Enterprises settles ₹25 crore loan with Kemfin
In short
Coffee Day Enterprises said on Thursday that it settled a ₹25 crore loan with Kemfin Services through a one-time settlement. One report says the loan had 15% yearly interest and a 24% penalty rate if payments were late.
This matters because it closes one debt issue for the parent of Cafe Coffee Day. The report does not say how much was paid in the settlement or what other debts are still outstanding.
What the reporting says
Coffee Day Enterprises Ltd said on Thursday that it settled a ₹25 crore loan with Kemfin Services through a one-time settlement, according to the publisher-supplied summaries. One source says the loan carried 15% annual interest and a 24% penal rate for delays. The reporting does not say the settlement amount, whether other liabilities remain, or how the deal affects the company’s finances.
Why it matters
Coffee Day Enterprises Ltd, the parent of Cafe Coffee Day, said it settled a ₹25 crore loan with Kemfin Services via a one-time settlement on Thursday, according to the available summaries. Another source says the loan carried 15% annual interest and a 24% penal rate for delays. The reporting confirms a debt settlement but does not reveal the settlement value or remaining obligations.