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McDonald s plans Rs 100 crore investment to open 30 outlets this fiscal
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McDonald s plans Rs 100 crore investment to open 30 outlets this fiscal
PTI / May 16, 2021, 12:05 IST
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NEW DELHI: Westlife Development, which operates McDonald s restaurants in southern and western region in India, plans to invest Rs 100 crore to open up to 30 outlets of the quick service restaurant brand in the current financial year.
The company, which now witnesses more than half of its sales from convenience channels such as delivery, takeaways and drive-thru, is bullish about growth in FY 22, leaving out the next 2-3 months. The intention is to open 20-30 McDonald s outlets in the current fiscal year. We will invest Rs 100 crore for opening these outlets, Westlife Development Vice-Chairman Amit Jatia told PTI.
McDonald s plans Rs 100 cr investment to open 30 outlets this fiscal
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Last Updated: May 16, 2021, 01:03 PM IST
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Westlife Development, which operates McDonald s restaurants in the southern and western region in India, plans to invest Rs 100 crore to open up to 30 outlets of the quick-service restaurant brand in the current financial year.
AFP
Westlife Development, which operates McDonald s restaurants in the southern and western region in India, plans to invest Rs 100 crore to open up to 30 outlets of the quick-service restaurant brand in the current financial year. The company, which now witnesses more than half of its sales from convenience channels such as delivery, takeaways and drive-thru, is bullish about growth in FY 22, leaving out the next 2-3 months.
Bongkarn Thanyakij
Housing finance company Aptus Value Housing Finance Limited (AVHFIL) filed its papers with the market regulator SEBI to raise around Rs 2,600 - 3,000 crore. The fund raised through the initial public offering (IPO) will be used to increase the companyâs capital base and to meet future growth requirements.
The fund raise comprises a fresh issue of equity shares aggregating to 500 crore and an offer for sale of upto 6.45 crore equity shares by promoter and other selling shareholders.
The company had marquee investors like West Bridge Crossover Fund, Malabar Investments, Sequoia Capital, Steadview Capital and Madison India.
As of December 31, 2020, the companyâs AUM stood at Rs 3,790.93 crore of which 72.50 per cent were loans to self-employed customers while the balance 27.50 per cent accounted for salaried individuals.