Netherlands-based Fides Food Systems holds 32.81% stake in DP Eurasia, the exclusive master franchisee of Domino’s Pizza in Turkey, Russia, Azerbaijan and Georgia
Read more about Nifty ends below 14,700; metal stocks outperform on Business Standard. Domestic shares plunged on Monday with the Nifty falling below the 14,700 mark. Rising COVID-19 cases and negative global cues triggering spoiled sentiment. The selling was broad based, however, metal shares bucked trend on firm copper prices.
Read more about Jubilant Foodworks to buy Netherlands-based Fides Food on Business Standard. The fast-food chain operator said will fully acquire Fides Food Systems Cooperatief UA Netherlands (Fides) for an agreed investment of 24.8 million pounds, through its wholly-owned subsidiary Jubilant FoodWorks Netherlands BV.
Domestic shares plunged on Monday with the Nifty falling below the 14,700 mark. Rising COVID-19 cases and negative global cues spoiled sentiment. Barring the Nifty Metal index, all the sectoral indices on the NSE ended in the red. Metal shares were in demand on firm copper prices.
The barometer index, the S&P BSE Sensex, slumped 1,145.44 points or 2.25% to 49,744.32. The Nifty 50 index lost 306.05 points or 2.04% to 14,675.70.
TCS (down 3.69%), Reliance Industries (down 3.52%), HDFC (down 3.04%) and Infosys (down 2.06%) were major drags.
In the derivatives market, the NSE s Volatility Index (VIX), a gauge of market s expectation of volatility over the near term, surged 14.47% to 25.47.
Read more about Jubilant Foodworks provides guarantee on behalf of Jubilant Netherlands (subsidiary) on Business Standard. DP Eurasia is a public company listed with London Stock Exchange PLC and is the exclusivemaster franchisee of the Domino s Pizza brand in Turkey, Russia, Azerbaijan and Georgia.