Mumbai, March 18 -- The company will settle the outstanding debt of two debenture holders in three tranches, which includes the amount realized from the sale of 12.41% of the pledged and invoked shares of Coffee Day Global owned by the company, to a third party for Rs 55 crore.

The draft settlement agreement was approved by the audit committee and the members of the board in their meeting held on March 17, 2025.

"This settlement ensures the debt reduction commitment of the company and it's subsidiaries in the interest of all stakeholders. The company remains committed to fulfilling its obligations and ensuring long-term value creation for stakeholders," it added.

Earlier on 3 March 2025, the National Company Law Appellate Tribunal (NCL...