Jubilant FoodWorks has acquired additional 49% stake from Golden Harvest QSR (Golden Harvest) in Jubilant Golden Harvest (JGHL) at an aggregate consideration amounting to BDT 389,015,160 (equivalent to Rs 34.02 crore) and certain post-closing intimations and registrations with the regulatory authorities are being undertaken. Post-acquisition, company’s stake in JGHL increased from 51% to 100% (with 1 share of JGHL being held by a nominee of the company in order to comply with local law requirements in Bangladesh).
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.
