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Jubilant FoodWorks’ arm acquires additional stake in DP Eurasia

01 Dec 2023 Evaluate

Jubilant FoodWorks’ wholly owned subsidiary -- Jubilant Foodworks Netherlands B.V. (JFN), has further acquired 2,960,991 ordinary shares of DP Eurasia N.V. (DP Eurasia), subsidiary of JFN through various market purchases on November 29, 2023 and November 30, 2023 at an average price of 84.5 pence per share for an aggregate consideration of British pound sterling 2,501,264, thereby increasing its stake to 53.52% of total issued share capital of DP Eurasia.

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 1372.00
Varun Beverages 416.00
Britannia Industries 4990.00
LT Foods 421.80
Hatsun Agro Product 1182.70
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