* Investment over $200 million - source
* Other investors include Standard Chartered - source
(Adds investment percentage in second paragraph)
By Megan Davies
NEW YORK, March 15 New York-based Kohlberg
Kravis Roberts & Co KKR.AS is leading a consortium planning
to invest a total of around 10 billion rupees ($219.5 million)
in India's Coffee Day Resorts, owner of coffee chain Cafe
Coffee Day, according to a source close to the deal.
KKR, Standard Chartered Private Equity and New Silk Route
are to invest in the privately held company, which has about
900 cafes in India, according to the source. The investors will
end up with about a 20 percent stake under the proposed
investment, the source said.
Coffee Day Resorts, controlled by entrepreneur VG
Siddhartha, also owns a resorts business. The company could not
immediately be reached for contact.
The Cafe Coffee Day chain opened its first cafe in 1996 in
Bangalore. It also sells sandwiches, salads and doughnuts,
according to its website.
KKR has other investments in India, notably
telecommunications firm Bharti.
India's The Economic Times reported the potential
investment earlier on Monday.
(Reporting by Megan Davies; Editing by Richard Chang)