Jubilant FoodWorks has received an approval for making further investments of up to Rs 30 crore (or its equivalent in BDT) in Jubilant FoodWorks Bangladesh (Jubilant Bangladesh), wholly owned subsidiary of the Company. The Investment Committee of Jubilant FoodWorks in its meeting held on May 22, 2024 approved the same.
There will be no change in shareholding of the Company in Jubilant Bangladesh. Jubilant Bangladesh will continue to be wholly owned subsidiary of the Company post investment. The proposed investment in Jubilant Bangladesh will be utilised mainly for network expansion.
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.
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