India’s top conglomerate, Tata Group and Jubilant Food Works are weighing a bid for Coffee Day Group’s hot beverage vending machine business which owns the franchise for Domino’s and Dunkin’ Donuts in India, said people with knowledge of the matter. The beleaguered Coffee Day Group is seeking Rs 2,000 crore for the business, which has piqued the interest of marquee global private equity funds too. Tota Consumer Product Ltd which has emerged the third valuable company in the $ 113 billion conglomerate after TCS and Titan. The sale has drawn the interest of Warburg Pincus, Goldman Sachs and Blackstone too, said the sources. Any transaction will be an addition to the $32.6-billion merger and acquisition deals involving an Indian target and announced since April 1, 2020, Refinitiv data showed. A spokeswoman for Tata Consumer said the company “evaluates various opportunities on an ongoing basis” and declined to comment any further. A representative for Jubilant FoodWorks did not respond to requests for comments, while Warburg Pincus, Goldman Sachs and Blackstone could not be contacted immediately.

Last year, the Coffee Day Group had to repay the lender by selling all the assets, after the sudden death of V G Siddhartha. The people said that discussions have been on with potential suitors for the vending machine business and Coffee Day Group’s adviser MAPE plans to call for expression of interests soon.