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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
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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. ....

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