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Jubilant Foodworks to set up subsidiary in Nepal for Domino's Pizza biz

Food services company Jubilant Foodworks has received approval of its board to set up a subsidiary to run Domino's Pizza business in Nepal, the company said on Monday.

Topics
Domino's Pizza | Nepal

Press Trust of India  |  New Delhi 



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Food services company Jubilant Foodworks has received approval of its board to set up a subsidiary to run Domino's Pizza business in Nepal, the company said on Monday.

The subsidiary will be set up under Jubilant FoodWorks International Luxembourg.

"The Board of Directors of Jubilant FoodWorks International Luxembourg, a step down wholly owned subsidiary of the Company on November 21, 2022 has inter-alia approved the incorporation of a wholly owned subsidiary company in Nepal," the company said in a regulatory filing.

The company has not yet decided the name of the subsidiary.

" Subsidiary shall have the exclusive right to develop and operate Domino's Pizza stores in the territory of Nepal," the filing said.

(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.)


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First Published: Mon, November 21 2022. 23:33 IST

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