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Coca-Cola India acquires 15% stake in Jubilant FoodWorks’ associate

18 Apr 2023 Evaluate

Jubilant FoodWorks’ associate -- Hashtag Loyalty (Hashtag) has entered into a Securities Subscription Agreement with Coca-Cola India (New Investor) pursuant to which Coca-Cola India has acquired 15% stake (on a fully diluted basis) in Hashtag. Accordingly, the Company’s stake in Hashtag has reduced from 35% to 29.75% (on a fully diluted basis). Hashtag has raised the capital at a pre-money valuation of Rs 104.68 crore.

As part of the transaction, the Company has entered into a Shareholders Agreement with Hashtag, New Investor and other existing investors of Hashtag and there is no adversarial change in the rights granted to the Company as enunciated in the stock exchange disclosure by the Company dated October 27, 2021, at the time of acquisition of the initial stake.

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.

Jubilant FoodWorks Share Price

458.90 -0.45 (-0.10%)
17-Apr-2026 16:59 View Price Chart
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