Dhunseri Ventures Ltd board recommends dividend of Rs 2 50 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Dhunseri Ventures to focus on confectionery business
March 09, 2021
To also concentrate on tea business in India and Africa
Following exit of the Kolkata-based Dhanukas of the Dhunseri group from the restaurant business in India, Chandra Kumar Dhanuka, Chairman, Dhunseri Ventures Ltd, has said that the focus now is “on growing the cakes and confectionery vertical in Singapore”.
Dhunseri operates in the segment through a wholly-owned subsidiary, Twelve Cupcakes Pte, where it had acquired a majority stake in 2017 as a part of its diversification exercise. Twelve Cupcakes is expected to generate profits for FY21 (to be included in consolidated results of Dhunseri Ventures) and is expected to have a topline contribution of ₹65-70 crore (Singapore $12-13 million).
Dhunseri Ventures decides to exit restaurant business
March 08, 2021 Kolkata-based Dhunseri Ventures Ltd, owned and promoted by the Dhanukas, has decided to exit its restaurant business.
The company will divest its entire shareholding of 25 per cent in Tastetaria Foods Private Ltd to joint venture partner, Choicest Enterprises Ltd for ₹72,500 or at 0.01 paise per equity share.
The sale was completed on March 8.
Dhunseri Ventures Limited (formerly Dhunseri Petrochem) entered into a joint venture with Choicest Enterprises Ltd, a company under Ambuja Neotia Group, and Tastetaria Foods Private Limited to carry on the business of “setting up and operating restaurants for making and selling UNO brand of Chicago deep-dish pizzas”, under exclusive master franchisee agreement with Pizzeria Uno Corporation.