Coffee Day Resorts, a subsidiary of Indiaâ€™s largest coffee conglomerate Amalgamated Bean Coffee Trading Company (ABCTCL), has acquired Cicada Resorts for roughly Rs 38 crore. ABCTCL is also the holding company of the cafe chain network under the Coffee Day brand. Coffee Day has acquired the entire shareholding of Cicada Resorts, which also had Premji Invest, a PE arm of IT czar Azim Premji, as an investor. Coffee Day did not disclose the financial details while announcing the buyout. With two properties at Kabini and Bandipur, Cicada Resorts is an ecotourism destination.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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