You are here: Home » Companies » News
Tata-Mistry row: Tax tribunal suo moto junks negative remarks on Mistry
India Inc goes on M&A spree despite Covid, health a key focus area in 2021
Business Standard

Jubilant Foodworks to acquire 10.76% stake in Barbeque-Nation Hospitality

Jubilant Foodworks Ltd operates fastfood chains Domino's Pizza and Dunkin' Donuts in India

Topics
Jubilant FoodWorks  | M&A | Hospitality industry

Press Trust of India  |  New Delhi 



Jubilant FoodWorks
Jubilant FoodWorks Limited. Photo: Website

Ltd (JFL), which operates fastfood chains Domino's Pizza and Dunkin' Donuts in India, on Thursday said it will invest Rs 92 crore into Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76 per cent equity stake.

"The company has entered into a share subscription agreement to acquire equity shares and a restated shareholders' agreement to regulate the rights and obligations of BNHL's key shareholders," said in a regulatory filing.

The company said it will invest Rs 92 crore for acquiring the 10.76 per cent stake in BNHL.

BNHL operates Barbeque Nation (BBQ), an Indian cuisine casual dining Brand, which introduced the concept of live grilling of kebabs to the Indian market.

It owns and operates 138 Barbeque Nation restaurants across 73 cities in India and seven international Barbeque Nation restaurants (as of November 30, 2019). It also has a presence in the Italian cuisine segment under the brand Toscano.

Chairman Shyam S Bhartia and its Co-Chairman Hari S Bhartia said the proposed investment will create value for the company's shareholders.

BNHL had reported a total revenue of Rs 742.5 crore in 2018-19 on a consolidated basis.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, December 31 2020. 16:36 IST

RECOMMENDED FOR YOU

.