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Tata & Jubilant are bidding for CCD’s vending biz

September 25, 2020

Tata & Jubilant are bidding for CCD’s vending biz

Tata Group, and Jubilant Food-Works (which claims the establishment for Domino’s and Dunkin’ Donuts in India), are weighing an offer for Coffee Day Group’s hot beverage machine business, said individuals with information on the issue.

The ambushed Coffee Day Group is looking for Rs 2,000 crore for the business, which has provoked the curiosity of marquee worldwide private value reserves as well.

Tata Group is thinking about doing any possible arrangement through its recorded element Tata Consumer Products, which has risen as the third most important organization in the $113-billion combination after TCS and Titan. The deal has drawn the enthusiasm of Warburg Pincus, Goldman Sachs and Blackstone as well, said the sources.

Any exchange will be an expansion to the $32.6-billion merger and procurement bargains including an Indian objective and reported since April 1, 2020, Refinitiv information appeared.

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