Jubilant Foodworks invests in Barbeque Nation

December 31, 2020 11:16 pm | Updated 11:16 pm IST - MUMBAI

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.

Shyam S. Bhartia, chairman and Hari S. Bhartia, co-chairman, JFL said, “We are confident that the proposed investment will create value for our shareholders.”

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.