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Jubilant FoodWorks acquires stake in JV company

12 Dec 2018 Evaluate

Jubilant FoodWorks has been allotted 51,00,000 ordinary equity shares at a par value of BDT 10 (Bangladesh Taka Ten) each, in Jubilant Golden Harvest a joint venture (JV) Company on December 11, 2018. Subsequent to the allotment, the company has become 51% shareholder in the JV company.

Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.

Peers
Company Name CMP
Nestle India 1320.00
Varun Beverages 430.00
Britannia Industries 4757.95
LT Foods 405.25
Hatsun Agro Product 1129.90
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