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Jubilant FoodWorks’ arm completes acquisition of 100% stake in Fides Food Systems Cooperatief U.A.

10 Mar 2021 Evaluate

Jubilant FoodWorks’ wholly owned subsidiary -- Jubilant Foodworks Netherlands B.V., has successfully completed the acquisition of 100% of Fides Food Systems Cooperatief U.A., Netherlands which holds 32.81% equity shares in DP Eurasia N.V. Consequently, the Company stands fully released from the guarantee issued by it in connection with the investment obligations of Jubilant Foodworks Netherlands B.V.

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 1372.00
Varun Beverages 416.00
Britannia Industries 4990.00
LT Foods 421.80
Hatsun Agro Product 1182.70
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