Jubilant FoodWorks Ltd - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Download 
|
< Back |
| 11 May 2022 | |
| In continuation of our earlier letter dated March 22, 2022, we wish to inform that Jubilant FoodWorks Ltd. ('Company') has completed the acquisition of 49% stake from Golden Harvest QSR Limited ('Golden Harvest') in Jubilant Golden Harvest Limited ('JGHL') on May 10, 2022 at an aggregate consideration amounting to BDT 389,015,160/- (Bangladeshi Taka Three Hundred and Eighty Nine Million Fifteen Thousand One Hundred and Sixty Only)(equivalent to INR 34.02 Crores) and certain post-closing intimations and registrations with the regulatory authorities are being undertaken. Post-acquisition, Company's stake in JGHL increased from 51% to 100% (with 1 share of JGHL being held by a nominee of the Company in order to comply with local law requirements in Bangladesh). | |
| View all announcements for Jubilant FoodWorks Ltd | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback