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CCD to invest Rs 450 cr to add 400 stores in three yrs

Industry Retailing

Cafe Coffee Day is planning to open 135 company owned outlets every year over the next three years and will invest Rs 400-450 crore. It is in the process of getting final approvals to go for an IPO before Dussehra (October 22). It plans to list its shares on BSE and the NSE. At present, the company runs over 1,500 outlets across 220 cities in India.

Extracted from BS, Sep 27,’15

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