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Jubilant Foodworks share hits all-time high as firm to buy Fides Food for Rs 250 crore


Jubilant Foodworks share hits all-time high as firm to buy Fides Food for Rs 250 crore
BusinessToday.In
© India Today Group
Jubilant Foodworks share hits all-time high as firm to buy Fides Food for Rs 250 crore
Jubilant Foodworks share hit all time high in early trade today after the firm said it was all set to fully acquire Netherlands-based Fides Food Systems Cooperatief U.A. via its wholly-owned subsidiary-Jubilant Foodworks Netherlands B.V.
Share of Jubilant Foodworks rose 4.47% to a fresh high of Rs 3082.9 on BSE. The stock has gained 10.29% in the last 6 days. Jubilant Foodworks  share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. ....

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SGX Nifty points to flat opening; Covid-19, global market trends to dictate D-Street direction


SGX Nifty points to flat opening; Covid-19, global market trends to dictate D-Street direction
February 22, 2021
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Analysts say market will remain in consolidation mode; ‘expect domestic market to continue following global markets this week on lack of major domestic events’
Indian markets are expected to open flat on the first day of the week, as SGX Nifty points to a flat beginning even as Asia-Pacific markets are ruling firm in early trade on Monday. SGX Nifty is ruling at 15,025 against Nifty March futures Friday’s closing of 15,025 and February futures closing of 14,987, signalling flat opening for Nifty index.
Analysts expect the markets to remain in consolidation mode. Global cues and foreign fund flows will largely direct the market movement, they added. However, the key worry is rising Covid-19 cases in some States, especially Maharashtra, again, they added. ....

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Jubilant FoodWorks share price hits 52-week high on acquiring full control of Fides Food Systems


Jubilant FoodWorks share price hits 52-week high on acquiring full control of Fides Food Systems
Rakesh Patil
© Rakesh Patil
Jubilant FoodWorks share price hits 52-week high on acquiring full control of Fides Food Systems
Jubilant FoodWorks share price touched a 52-week high of Rs 3,082.95, rising a percent in early trade on February 22 after the company s subsidiary entered into a purchase agreement to fully acquire Fides Food Systems Coöperatief U.A.
Jubilant Foodworks Netherlands B.V., a wholly-owned subsidiary of the company, has entered into a purchase agreement with Turkish Private Equity Fund II L.P. to fully acquire Fides Food Systems Coöperatief U.A. which holds 32.81 percent equity shares in DP Eurasia N.V., as per the release. ....

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