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Coffee Day Enterprises, the operator of India's largest coffee chain, plans to go public and raise $181 million to consolidate its presence in the country's growing cafe culture. The company, known for its Cafe Coffee Day outlets, aims to strengthen its market position amidst competition from global giants like Starbucks and Dunkin' Donuts. The funds raised will be utilized to clear debt, expand the store network, and enhance the existing infrastructure, reflecting the increasing popularity of coffee consumption in India.
Thursday, 25 June, 2015