India

The private equity arm of Britain’s Standard Chartered Plc finalized a US$50 million investment in India’s Café Coffee Day (CCD), a privately-owned Indian coffee chain company based in Bangalore, with over 900 stores throughout the country, according to Arijit De, a spokesman for Standard’s Indian unit.

The move is part of a Rs10 billion (US$219 million) investment in CCD led by Kohlberg Kravis Roberts & Co. including, among others, Standard and New York’s New Silk Route. The overall deal will net investors 20% of the company.

Further details were not immediately forthcoming as parties involved declined to comment.