New Silk Route, a private equity firm, is investing Rs 360 crore in Coffee
Day Resorts, part of the Coffee Day Group, for an undisclosed equity stake.
Coffee Day Resorts is also the promoter of Cafe Coffee Day (CCD) outlets. The
company will utilise the funds to set up a few resorts, to increase CCD outlets
and also to develop an InfoTech SEZ near Bangalore.
The company is in the process of developing three resorts in Karnataka and is
also involved in increasing CCD outlets from the current 915 to 2,000 in the
next three years.