Indian coffee chain launches largest IPO in three years

MUMBAI: India’s Cafe Coffee Day chain launched the country’s largest stock market flotation in three years on Wednesday, as it seeks to tap the tea-loving nation’s growing taste for caffeine. India’s biggest coffee chain opened its first store in Bangalore in 1996 and has grown to have 1,538 cafes spread across 219 cities and towns throughout India. Cafe Coffee Day plans to use the money raised to pay off loans and open new stores to stay ahead of its rivals and consolida