Jubilant FoodWorks has received approval for making further investments of upto Rs 25 crore (or its equivalent in Euro) in Jubilant Foodworks Netherlands B.V. (JFN), wholly owned subsidiary of the Company.
The proposed investment in JFN will be utilized primarily towards funding the interest payments on credit facilities availed by JFN from The Hongkong and Shanghai Banking Corporation for acquisition of stake in DP Eurasia N.V. and general corporate purposes. The Investment Committee of Jubilant FoodWorks in its meeting held on January 16, 2024 has approved the same.
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.
