Tata Group-Coffee Day beverage vending machine business deal hits hurdle: What we know

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The Tata Group is facing a roadblock to buy a Cafe Coffee Day unit, one of India’s most popular coffee chains, beverage vending machine business after two big lenders to the Coffee Day Group has objected to the deal. Two banks including Yes Bank and Rabobank, have demanded a full repayment of the loans that were disbursed to Coffee Day Global Ltd before giving a No-Objection Certificate (NOC) to the proposed deal. The Tata Group is facing a roadblock to buy a Cafe Coffee Day unit, one of India’s most popular coffee chains, beverage vending machine business after two big lenders to the Coffee Day Group has objected to the deal. Two banks including Yes Bank and Rabobank, have demanded a full repayment of the loans that were disbursed to Coffee Day Global Ltd before giving a No-Objection Certificate (NOC) to the proposed deal.