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 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 invests in Barbeque Nation
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Jubilant FoodWorks Ltd. (JFL), has announced an investment of ₹92 crore in Barbeque-Nation Hospitality Ltd. (BNHL) for an equity stake of 10.76%. “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,” JFL said in a regulatory filing.
BNHL operates 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants (as of 30 November, 2019).
It also has a presence in the Italian cuisine segment under the brand, Toscano.
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.
Jubilant Foodworks Limited to invest Rs. 92 crores in Barbeque-Nation Hospitality Limited for a 10.76% stake
Posted On: 2020-12-31 02:52:04 (Time Zone: Arizona, USA)
Jubilant Foodworks Limited (JFL), the largest foodservice company in India, today announced an investment of Rs. 92 crores into Barbeque-Nation Hospitality Limited (BNHL) for an equity stake of 10.76%.
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.
BNHL operates Barbeque Nation (BBQ) an Indian cuisine, casual dining Brand which introduced the concept of live grilling of Kebabs to the Indian market. It owns and operates 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants (as of 30 November, 2019). It also has a presence in the Italian cuisine segment under the brand, Toscano.