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Jubilant Foodworks to invest Rs 92 crore in Barbeque-Nation Hospitality for 10.76% stake

31 Dec 2020 Evaluate

Jubilant Foodworks (JFL) has declared an investment of Rs. 92 crore into Barbeque-Nation Hospitality (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.

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 1316.70
Varun Beverages 431.30
Britannia Industries 4791.60
LT Foods 408.30
Hatsun Agro Product 1125.10
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