Jubilant FoodWorks’ step down subsidiary -- Fides Food Systems Coöperatief U.A has been merged with its holding company, Jubilant Foodworks Netherlands B.V. (JFN). Consequent to the merger, the company through JFN now holds 60,072,476 ordinary shares in DP Eurasia N.V. representing 41.32% of its issued share capital. The principal activity of both the companies is investment holding. The merger of Fides into JFN shall result in consolidation of the entire shareholding of DP Eurasia N.V. into JFN and simplification of the corporate structure.
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.
