Westlife Development’s wholly owned subsidiary -- Hardcastle Restaurants has received intimation from McDonald's Corporation that the royalty payable in connection with its operations stands at 4% until March 31, 2017.
Westlife Development focuses on putting up and operating Quick Service Restaurants (QSR) in India through its subsidiary Hardcastle Restaurants (HRPL). The Company operates a chain of McDonald's restaurants in west and south India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.
