Jubilant FoodWorks surges after its arm increases stake in DP Eurasia

Jubilant FoodWorks is currently trading at Rs. 642.25, up by 8.50 points or 1.34% from its previous closing of Rs. 633.75 on the BSE.

Jubilant FoodWorks
Jubilant FoodWorks

The scrip opened at Rs. 638.15 and has touched a high and low of Rs. 652.20 and Rs. 638.15 respectively. So far 160899 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 915.49 on 13-Oct-2021 and a 52 week low of Rs. 451.60 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 652.20 and Rs. 590.95 respectively. The current market cap of the company is Rs. 42484.13 crore.

The promoters holding in the company stood at 41.94%, while Institutions and Non-Institutions held 47.14% and 10.92% respectively.

Jubilant FoodWorks’ wholly owned subsidiary — Jubilant FoodWorks Netherlands BV (JFN) has acquired additional stake in Netherlands-based DP Eurasia NV (DP Eurasia). As on October 3, 2022 JFN held 49.04% stake in DP Eurasia. JFN has acquired 63,53,138 ordinary shares of DP Eurasia through various on-market purchases for a total consideration of GBP 28,73,328 aggregating to 4.36% of total issued share capital of DP Eurasia.

DP Eurasia is the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia. DP Eurasia (together with its subsidiaries, the ‘Group’) is the largest pizza delivery company in Turkey and the third largest in Russia.

Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.

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