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Jul 12, 2023 · In addition to internal restructuring, Malavika Hegde strategically partnered with Blackstone and Shriram Credit Company to help decrease expenses and increase revenue.
Jul 12, 2023 · Malvika Hegde played her cards right and offloaded a chunk of CCD’s stake to Mindtree, Shriram Credit Company, and Way2Wealth. This genius move knocked the debt down from 5000 CR to 2693 CR.
- Bhavya Shah
Jul 12, 2023 · Additionally, Malavika Hegde forged strategic partnerships with Blackstone and Shriram Credit Company, focusing on expense reduction and revenue growth. These efforts soon yielded positive results. The discussions surrounding the potential closure of the company gradually subsided, and the business regained momentum.
Jan 17, 2022 · As per the data released on 31 March 2019, Café Coffee Day has accumulated a debt of Rs 7200 crore. On 31 July VG Siddhartha took his own life by jumping into the Netravati River. Soon, Malavika took over as the CEO of the Café Coffee Day Enterprises Ltd (CDEL).
Jul 16, 2023 · In December 2020, Malavika Hegde took over as CEO of Coffee Day Enterprises Ltd (CDEL). Her hard work and determination and love for the company helped the company stand on its own again.
2 days ago · It demanded hard work and complete dedication by Hegde. According to sources, the company paid Rs 1,644 crore to its lender. They accepted an amount from US private equity giant Blackstone and sold a stake in Mindtree, which helped in reducing the deficit.
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Oct 3, 2023 · Malavika Hegde met every single lender personally and asked them to renegotiate non-operational debt which reduced interest payments significantly. The group paid Rs 1,644 CR to its lenders.
