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MUMBAI – Coffee Day Group, a Bangalore-based diversified conglomerate and the owner of India’s largest coffee chain operator Cafe Coffee Day, has plans to make an initial share offering this year, media reported on Monday quoting people familiar with the matter.
The size of the offering or the stakes that would be sold by the founders haven’t been finalized. The company intends to raise at least $200 million through the share sale, the same source told The Wall Street Journal.
According to investment bankers Coffee Day Group could be valued between $1.1 billion and $1.3 billion.
