The Reserve Bank of India (RBI) has permitted Foreign Institutional Investors (FIIs) to purchase up to 55% of the paid-up capital in Jubilant FoodWorks, which operates Domino’s Pizza brand in the country. The limit has been enhanced from earlier 49% that FIIs could acquire under the portfolio investment scheme (PIS) from primary market.
The company has passed resolutions at the board of directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit from 49% to 55% for the purchase of its equity shares and convertible debentures by FIIs.
Jubilant FoodWorks and its subsidiary operates Domino’s Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka.
