Barbeque-Nation Hospitality has received an approval for further acquisition of 200 Equity Shares constituting 3.06% of Paid-up Share Capital, having face value of Rs 100 each, of Red Apple Kitchen Consultancy (Red Apple), a subsidiary of the company, through secondary acquisition i.e., from the existing Shareholders of Red Apple for a total consideration of Rs 5.80 crore. Consequent upon the aforesaid acquisition, the shareholding of the company in Red Apple will increase to 78.22%.
The Company intends to increase its stake in the subsidiary. The Business of Subsidiary is in line with the business of the company. The Board of Directors of the Company at their Meeting held on February 7, 2023 has approved the same.
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.
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| Travel Food Services | 1308.65 |
| Coffee Day Enter. | 27.93 |
| United Foodbrands | 324.95 |
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