Westlife Foodworld debuts on NSE

5 Jun 2023 , 01:46 PM

Westlife Foodworld Ltd (WFL), formerly known as Westlife Development Ltd (WDL), has announced its official listing on the National Stock Exchange of India Limited (NSE) under the ticker symbol Westlife.

Westlife owns and operates McDonald’s in West and South India.

Previously, the company was only permitted to trade, but now it is listed on both the NSE and the Bombay Stock Exchange (BSE). This will result in accessibility to more shareholders for the company.

The company said that the NSE listing is proof of Westlife Foodworld’s strong business fundamentals, solid growth trajectory, and commitment to providing exceptional value to its customers.

It also reflects the financial market’s belief in the company’s prospects for the future. Being listed on a major stock exchange, such as the NSE, will increase the visibility of the company and its shares, as well as a high level of compliance on both exchanges, along with making it easier for investors to trade in the stock.

The company recently announced its robust five-year plans under the banner of Vision 2027, indicating that it is well positioned to capitalize on emerging opportunities and strategically expand McDonald’s footprints in West and South India.

At around 1.43 PM, Westlife Foodworld was trading 1.49% higher at Rs 839 against the previous close of Rs 826.65 on NSE. The counter hit an intraday high of Rs 849.90 on NSE today.

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