Jubilant Foodworks Limited to invest Rs. 92 crores in Barbeque-Nation Hospitality Limited for a 10.76% stake
Posted On: 2020-12-31 02:52:04 (Time Zone: Arizona, USA)
Jubilant Foodworks Limited (JFL), the largest foodservice company in India, today announced an investment of Rs. 92 crores into Barbeque-Nation Hospitality Limited (BNHL) for an equity stake of 10.76%.
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.
BNHL operates Barbeque Nation (BBQ) an Indian cuisine, casual dining Brand which introduced the concept of live grilling of Kebabs to the Indian market. It owns and operates 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants (as of 30 November, 2019). It also has a presence in the Italian cuisine segment under the brand, Toscano.