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Nandan Nilekani nearly doubles stake in Cafe Coffee Day parent

Reuters

Infosys co-founder Nandan Nilekani, who led the pre-initial public offering (IPO) investment round in Coffee Day Enterprises Ltd (CDEL) in March 2015, nearly doubled his stake in the firm in three months ended 31 December 2016, stock exchange data showed. Coffee Day Enterprises, which runs India's top coffee chain under the Cafe Coffee Day (CCD) brand among other businesses, went public in November 2015. The Bangalore-based company—which had roped in a string of private equity backers, including KKR—raised Rs 1,150 crore ($181 million) in the IPO. The former chairman of The Unique Identification Authority of India (UIDAI) owned a little...

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