MoneyWorks4Me

Jubilant FoodWorks’ promoter sells part of its stake for Rs 38.78 crore

13 Jun 2013 Evaluate

Jubilant FoodWorks’ promoter Western Investments has sold part of its stake in the company through open market transaction on June 10. The company has sold 359,657 shares of the company for Rs 38.78 crore via market sale on June 10. Western Investments held 3.53 million or 5.40% stake in the company.

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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