INSUBCONTINENT EXCLUSIVE:
for up to Rs 3,000 crore ($421 million), in an effort to cut debt.The announcement comes weeks after the company's founder was found dead
in a river in southern India, sparking speculation that he was under intense financial strain and prompting the company to look for options
to deleverage its assets.Coffee Day said it entered a non-binding letter of intent with US-based private equity firm Blackstone for the sale
It also approved the sale of AlphaGrep Securities, a trading firm it owns for Rs 28 crore.Get Breaking news, live coverage, and Latest News
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