Jubilant Foodwork invests Rs 92 crore in Barbecue Nation for 10.76% stake
Jubilant Foodworks Ltd announced on Thursday that it will invest Rs 92 crore in Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76 percent equity stake
BusinessToday.In | December 31, 2020 | Updated 17:31 IST
Recently, Jubilant Foodworks which operates fast food chains Domino s Pizza and Dunkin Donuts in India launched Ekdum! , its own biryani brand (Photo- PTI)
Jubilant Foodworks Ltd (JFL), which operates fast food chains Domino s Pizza and Dunkin Donuts in India, announced on Thursday that it will invest Rs 92 crore in Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76 percent equity stake.
Talking about the investment, Jubilant Foodworks Chairman Shyam S. Bhartia and Co-Chairman Hari S. Bhartia said, We are happy to announce our investment in Barbeque Nation - a differentiated, casual dining restaurant brand of scale with strong unit economics. We are confident that the proposed investment will
December 31, 2020
BNHL operates casual dining brand Barbeque Nation in the Indian cuisine space Leading food services company, Jubilant Foodworks Ltd (JFL) on Thursday said it is set to pick up a 10.76 per cent stake in Barbeque-Nation Hospitality Ltd (BNHL) for an investment of ₹92 crore.
“Towards this end, 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,” the company said in its BSE filing.
BNHL operates casual dining brand Barbeque Nation (BBQ) in the Indian cuisine space. As of November, the company runs 138 restaurants in 73 cities under the brand in the country.
Jubilant Foodworks to invest Rs 92 crore in Barbeque Nation for 10.76 pc stake ANI | Updated: Dec 31, 2020 16:18 IST
Noida (Uttar Pradesh) [India], December 31 (ANI): Food services major Jubilant FoodWorks, which operates Domino s Pizza and Dunkin Donuts chain in India, on Thursday announced an investment of Rs 92 crore into Barbeque Nation Hospitality Ltd (BNHL) for an equity stake of 10.76 per cent.
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.
BNHL operates Barbeque Nation (BBQ), an Indian cuisine and casual dining brand which introduced the concept of live grilling of kebabs to Indian market.
Jubilant Foodworks to acquire 10.76% stake in Barbeque-Nation Hospitality for Rs 92 crore
BNHL operates Barbeque Nation (BBQ), an Indian cuisine casual dining Brand, which introduced the concept of live grilling of kebabs to the Indian market. PTI January 01, 2021 / 06:15 PM IST
Jubilant Foodworks 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, Jubilant Foodworks said in a regulatory filing.
Jubilant Foodworks 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, Jubilant Foodworks 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.