Coffee Day Enterprises Arm to Sell 47.49% Stake in Magnasoft Consulting; Shares Up 5%

MT Newswires Live

05-19

Coffee Day Enterprises (NSE:COFFEEDAY, BOM:539436) subsidiary Coffee Day Trading has agreed to sell its 47.49% stake in Magnasoft Consulting for 235.7 million Indian rupees to Innovic Management Services, according to a Monday filing to the Indian stock exchanges.

The company plans to sell 26,185,728 equity shares held in Magnasoft Consulting at 9 rupees per share.

Coffee Day's shares were up 5% in recent trade.

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Shares Up 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-05-19 16:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Coffee Day Enterprises (NSE:COFFEEDAY, BOM:539436) subsidiary Coffee Day Trading has agreed to sell its 47.49% stake in Magnasoft Consulting for 235.7 million Indian rupees to Innovic Management Services, according to a Monday filing to the Indian stock exchanges.</p><p>The company plans to sell 26,185,728 equity shares held in Magnasoft Consulting at 9 rupees per share.</p><p>Coffee Day's shares were up 5% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4212","symbol_name":"包装食品与肉类","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2536506926","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536506926","pubTimestamp":1747644627,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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