Jubilant FoodWorks has entered into Share Subscription agreement, Shareholders’ agreement and Share Purchase agreement on July 28, 2022 to acquire 40% stake fully diluted basis in Roadcast Tech Solutions. This investment reflects the Company’s intent of making strategic investments in promising start-ups and emerging businesses and is in line with the stated goal of building a multi-brand and multi-country food business powered by technology. Cost of acquisition is around Rs 14.98 crore.
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.
