Other Private Equity/Strategic Investments
Jubilant Foodworks acquires 25% stake in nutrition co Wellversed for Rs.10-Cr
BSE Announcement Economic Times
Publicly listed Jubilant Foodworks Ltd (JFL), a Noida-based quick service restaurants operator and master franchise of brands such as Domino's Pizza and Dunkin' Donuts, has acquired a 25% stake in Gurugram-based nutrition company Wellversed Health. JFL would invest INR 10 crore in Wellversed in two tranches. The first tranche of INR 6.5 crore would be invested on the closing date as defined in the share subscription agreement and the second one of INR 3.5 crore would be done nine months from the disbursement of the first tranche. Wellversed had reported net revenue of INR 4.89 crore for FY20.
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