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Jubilant Foodworks share hits all-time high as firm to buy Fides Food for Rs 250 crore

Jubilant Foodworks share hits all-time high as firm to buy Fides Food for Rs 250 crore BusinessToday.In © India Today Group Jubilant Foodworks share hits all-time high as firm to buy Fides Food for Rs 250 crore Jubilant Foodworks share hit all time high in early trade today after the firm said it was all set to fully acquire Netherlands-based Fides Food Systems Cooperatief U.A. via its wholly-owned subsidiary-Jubilant Foodworks Netherlands B.V. Share of Jubilant Foodworks rose 4.47% to a fresh high of Rs 3082.9 on BSE. The stock has gained 10.29% in the last 6 days. Jubilant Foodworks  share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

Jubilant FoodWorks share price hits 52-week high on acquiring full control of Fides Food Systems

Jubilant FoodWorks share price hits 52-week high on acquiring full control of Fides Food Systems Rakesh Patil © Rakesh Patil Jubilant FoodWorks share price hits 52-week high on acquiring full control of Fides Food Systems Jubilant FoodWorks share price touched a 52-week high of Rs 3,082.95, rising a percent in early trade on February 22 after the company s subsidiary entered into a purchase agreement to fully acquire Fides Food Systems Coöperatief U.A. Jubilant Foodworks Netherlands B.V., a wholly-owned subsidiary of the company, has entered into a purchase agreement with Turkish Private Equity Fund II L.P. to fully acquire Fides Food Systems Coöperatief U.A. which holds 32.81 percent equity shares in DP Eurasia N.V., as per the release.

Jubilant Foods hits 52-wk high on Fides Food deal; analysts give thumbs up

Shares of Jubilant FoodWorks, the master franchise owner of Domino s Pizza in India, surged 6 per cent and hit a fresh 52-week high of Rs 3,127 on the BSE on Monday after the company said it would fully acquire Netherlands-based Fides Food Systems Coöperatief U.A. via its wholly-owned subsidiary Jubilant Foodworks Netherlands B.V. We wish to inform that Jubilant Foodworks Netherlands B.V., wholly-owned subsidiary of the company, has entered into a purchase agreement with Turkish Private Equity Fund II L.P. to fully acquire Fides Food Systems Coöperatief U.A. Jubilant FoodWorks Limited has also executed the Purchase Agreement as guarantor in connection with the investment obligations of Jubilant FoodWorks Netherlands B.V., the company said in a statement.

Analysis: What do the latest forays mean for Marico & Jubilant Foodworks?

Analysis: What do the latest forays mean for Marico & Jubilant Foodworks?
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GIP looks at Vector Green InvIT to raise $100 million

GIP looks at Vector Green InvIT to raise $100 million GIP looks at Vector Green InvIT to raise $100 millionPremium 1 min read Share Via Read Full Story US-based Global Infrastructure Partners (GIP) is exploring an infrastructure investment trust (InvIT) for its Indian green energy platform, Vector Green Energy, to raise around $100 million in equity, two people aware of the development said. InvITs are trusts that manage income-generating infrastructure assets typically offering investors a regular yield and a liquid method of investing in infrastructure projects. TRENDING STORIESSee All 2 min read Premium 1 min read Premium 1 min read Premium 2 min read . 11:24 AM IST Renewable energy InvIT plans have been gaining traction in the backdrop of India’s galloping electricity demand. These include InvITs from KKR-backed Virescent Infrastructure and Tata Power’s renewable energy InvIT in which Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd, or Pe

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