Jubilant Food shares down 3% as Jubilant Consumer sells stake

Jubilant FoodWorks shares today fell by over 3 per cent after one of its promoter offloaded 3.6 per cent stake in the company for over Rs 303 crore through an open market transaction.
The stock declined 3.21 per cent to settle at Rs 1,157.05 on BSE. During the day, it dipped 6 per cent to Rs 1,122.65.
On NSE, the scrip went down 2.83 per cent to close at Rs 1,156.95.
On the volume front, 1.48 lakh shares of the company were traded at BSE and over 16 lakh shares changed hands at NSE during the day.
Jubilant Consumer yesterday offloaded 3.6 per cent stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains, for over Rs 303 crore through an open market transaction.

According to bulk deal data available with the stock exchanges, Jubilant Consumer, promoter of Jubilant FoodWorks, sold a total of 23,70,170 shares, amounting to 3.6 per cent stake, of the company.
The shares were sold at an average price of Rs 1,279.37, valuing the transaction at Rs 303.23 crore.
Meanwhile, Credit Suisse (Singapore) purchased 22,85,596 shares of Jubilant FoodWorks for Rs 292.34 crore.