India's Cafe Coffee Day files papers for $180 mln IPO-sources

June 26, 2015 11:18 AM

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MUMBAI, June 26 The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, has filed a draft application with regulators for an initial public offering to raise around 11.5 billion rupees ($180.8 million), two bankers familiar with the filing said.

The application process with the Securities and Exchange Board of India (SEBI) could take two to three months, the bankers said, adding they expected the coffee chain to list within one to two months after that approval.

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