Coffe Day plans 500 Cr expansion, scouting for debt market

he Coffee Day Group, is setting out on a Rs 400-crore expansion this financial year.

The Group is increasing its thrust on its software special economic zone (SEZ), through an expansion spanning a million sq ft of space, for which it is understood to be raising debt of Rs 200 crore. The Group has 91 acres of land off the Bangalore-Mysore highway, besides another 23 acres in Mangalore, which is being developed.

Large technology companies, such as HP-MphasiS, MindTree and Texas Instruments are among the occupants of the SEZ.