Jubilant FoodWorks shines as its arm acquires stake in DP Eurasia
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Jubilant FoodWorks is currently trading at Rs. 564.90, up by 20.55 points or 3.78% from its previous closing of Rs. 544.35 on the BSE.
The scrip opened at Rs. 542.05 and has touched a high and low of Rs. 565.60 and Rs. 542.05 respectively. So far 67952 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 565.60 on 29-Nov-2023 and a 52 week low of Rs. 412.20 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 565.60 and Rs. 527.65 respectively. The current market cap of the company is Rs. 37188.88 crore.
The promoters holding in the company stood at 41.94%, while Institutions and Non-Institutions held 48.49% and 9.57% respectively.
Jubilant FoodWorks’ wholly owned subsidiary -- Jubilant Foodworks Netherlands B.V. (JFN) has acquired 3,910,153 ordinary shares of DP Eurasia N.V. (DP Eurasia) through market purchases at 84.4 pence per share for an aggregate consideration of GBP 3,301,718, thereby increasing its stake from 48.84% to 51.50% of total issued share capital of DP Eurasia. Pursuant to aforesaid acquisition, DP Eurasia has become subsidiary of JFN and step-down subsidiary of 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.
