M&A

M&A

JFL to acquire Golden Harvest's remaining 10% stake in Jubilant Golden Harvest JV

BSE Disclosure  

Publicly listed Jubilant Foodworks Ltd has exercised its call option for acquiring the remaining 10% equity stake in Jubilant Golden Harvest Ltd (JGHL) from Golden Harvest. Accordingly, JFL will acquire the complete 49% equity stake of Golden Harvest in JGHL and post the consummation of Call Option 1 and Call Option 2, JGHL shall become a wholly owned subsidiary of JFL. JGHL is a subsidiary of Jubilant Foodworks and has the franchise rights to develop and operate Domino's Pizza restaurants in Bangladesh. As on December 31, 2021, JGHL has eight restaurants. Total Revenue of JGHL in FY 2021 was BDT 19.24 crore.