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Jubilant FoodWorks’ arm gets nod to incorporate wholly owned subsidiary in Nepal

22 Nov 2022 Evaluate

Jubilant FoodWorks’ step down wholly owned subsidiary -- Jubilant FoodWorks International Luxembourg has received approval for incorporation of a wholly owned subsidiary company in Nepal. Nepal Subsidiary shall have the exclusive right to develop and operate Domino‘s Pizza stores in the territory of Nepal. It is proposed to make initial capital contribution of sixty million Nepalese rupees 60,000,000 (equivalent to Rs 37,002,000 as per exchange rate on November 20, 2022).

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 1321.05
Varun Beverages 440.65
Britannia Industries 4783.80
LT Foods 417.85
Hatsun Agro Product 1147.50
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