Jubilant FoodWorks trades higher on incorporating subsidiary in Luxembourg
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ubilant FoodWorks is currently trading at Rs. 628.25, up by 5.40 points or 0.87% from its previous closing of Rs. 622.85 on the BSE.
The scrip opened at Rs. 620.00 and has touched a high and low of Rs. 633.80 and Rs. 618.00 respectively. So far 22725 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 915.49 on 13-Oct-2021 and a 52 week low of Rs. 451.60 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 640.00 and Rs. 607.85 respectively. The current market cap of the company is Rs. 41755.00 crore.
The promoters holding in the company stood at 41.94%, while Institutions and Non-Institutions held 47.14% and 10.92% respectively.
Jubilant FoodWorks (JFL) along with Jubilant FoodWorks International Investments (wholly owned subsidiary of JFL) has incorporated a subsidiary, 'Jubilant FoodWorks International Luxembourg' (JFIL) in Luxembourg. The entire share capital of JFIL is held by the company and Jubilant FoodWorks International Investments, a wholly owned subsidiary of the company. JFIL has been incorporated with an objective of making investments in associates/subsidiaries engaged in food service business.
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.
