Barbeque-Nation Hospitality is all set for further investment of Rs 16.99 crore in the equity shares of Red Apple Kitchen Consultancy (Toscano), a subsidiary of the Company. The company will acquire 1,261 equity shares, having face value of Rs 100 each, at an issue price of Rs 1,34,776 per equity share.
The investment made by the company in Toscano will be utilised, inter-alia, for development and expansion of its business. Equity investment will be made for cash consideration. Consequent to the aforesaid investment, the shareholding of the company in Toscano will stand 68.81%.
Barbeque-Nation Hospitality is one of the leading casual dining chains in India, the company pioneered the concept of 'over the table barbeque' live grills embedded in dining tables - allowing guests to grill their own barbecue’s right at their tables.
Company Name | CMP |
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Westlife Development | 832.40 |
Restau. Brands Asia | 102.20 |
Barbeque-Nation Hosp | 514.50 |
Coffee Day Enter. | 59.69 |
Speciality Restauran | 172.60 |
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