Jubilant Foodworks Limited completes acquisition of 10.76% stake in Barbeque-Nation Hospitality Ltd
Posted On: 2021-01-26 04:32:23 (Time Zone: Arizona, USA)
Jubilant Foodworks Limited had earlier announced regarding acquisition of 10.76% stake in Barbeque-Nation Hospitality Limited. The aforesaid acquisition has been completed effective January 25, 2021.
Shares of Jubilant FoodWorks Ltd was last trading in BSE at Rs.2710 as compared to the previous close of Rs. 2746.65. The total number of shares traded during the day was 91267 in over 5394 trades.
The stock hit an intraday high of Rs. 2789 and intraday low of 2680.5. The net turnover during the day was Rs. 250363675.
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Jubilant Foodwork invests Rs 92 crore in Barbecue Nation for 10.76% stake
Jubilant Foodworks Ltd announced on Thursday that it will invest Rs 92 crore in Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76 percent equity stake
BusinessToday.In | December 31, 2020 | Updated 17:31 IST
Recently, Jubilant Foodworks which operates fast food chains Domino s Pizza and Dunkin Donuts in India launched Ekdum! , its own biryani brand (Photo- PTI)
Jubilant Foodworks Ltd (JFL), which operates fast food chains Domino s Pizza and Dunkin Donuts in India, announced on Thursday that it will invest Rs 92 crore in Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76 percent equity stake.
Talking about the investment, Jubilant Foodworks Chairman Shyam S. Bhartia and Co-Chairman Hari S. Bhartia said, We are happy to announce our investment in Barbeque Nation - a differentiated, casual dining restaurant brand of scale with strong unit economics. We are confident that the proposed investment will
December 31, 2020
BNHL operates casual dining brand Barbeque Nation in the Indian cuisine space Leading food services company, Jubilant Foodworks Ltd (JFL) on Thursday said it is set to pick up a 10.76 per cent stake in Barbeque-Nation Hospitality Ltd (BNHL) for an investment of ₹92 crore.
“Towards this end, the company has entered into a Share Subscription Agreement to acquire equity shares and a Restated Shareholders’ Agreement to regulate the rights and obligations of BNHL’s key shareholders,” the company said in its BSE filing.
BNHL operates casual dining brand Barbeque Nation (BBQ) in the Indian cuisine space. As of November, the company runs 138 restaurants in 73 cities under the brand in the country.