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Westlife Development is currently trading at Rs. 612.00, up by 45.25 points or 7.98% from its previous closing of Rs. 566.75 on the BSE.

The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 640.00 and Rs. 605.00 respectively. So far 5801 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 683.55 on 24-Sep-2021 and a 52 week low of Rs. 360.00 on 27-Oct-2020.

Last one week high and low of the scrip stood at Rs. 640.00 and Rs. 551.55 respectively. The current market cap of the company is Rs. 8833.13 crore.

The promoters holding in the company stood at 56.40%, while Institutions and Non-Institutions held 32.44% and 11.16% respectively.

Westlife Development, the owner and operator of McDonald’s restaurants in the west and south of India, is planning to invest around Rs 800-1,000 crore in the business over the next 3-4 years. The company will add around 200 additional restaurants in its network and revamp existing stores with enhanced digital capabilities such as self-ordering kiosks and table services.

It will strengthen its leadership position in the burger, chicken and beverage segments further and aid the growth of the organised eating out market. This investment will go towards increasing the footprint, menu innovations, strengthening the company’s supply chain, increasing its omnichannel presence and elevating consumer experience.

Westlife Development focuses on putting up and operating Quick Service Restaurants (QSR) in India through its subsidiary HRPL. The Company operates a chain of McDonald's restaurants in west and south India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.