Nandan Nilekani, the Infosys co-founder has almost doubled his stake in Coffee Day Enterprises, the parent company of Indian coffee brand Cafe Coffee Day. This was seen when Cafe Coffee Day reported its shareholding data on Monday.
Raising The Stakes
In March 2015, Nilekani invested Rs.100 core in Coffee Day Enterprises jointly with Rakesh Juhunjunwala.
Now, the company’s December stockholder report has shown that Nilekani has increased his stake in the company from 1.4% to 2.57%; his investment in the company is now Rs.104 crore. He now holds 52.94 lakh shares in the company.
Following this report, shares in Cafe Coffee Day Enterprises rose by almost 5.77%.
Cafe Coffee Day In India
Cafe Coffee Day which can trace its origins back to 1996 is a popular Indian chain of coffee cafes. Cafe Coffee Day positions itself as a ‘youth a “hangout” spot where they meet people, make conversations, and have a whole lot of fun over steaming cups of great coffee’
Today, the brand also has a presence in Austria, Czech Republic and Malaysia.